SoFi Technologies announced the issuance of its stablecoin, SoFiUSD, on the Solana network, following its successful launch in late 2025. Ben Reynolds, SoFi’s director of corporate banking, highlighted that the choice of this blockchain responds to its high processing capacity, low costs, and settlement speed—critical factors for the global payments ecosystem. Originally deployed on Ethereum, this asset now seeks to capitalize on Solana’s efficiency to strengthen its financial infrastructure.
JUST IN: @SoFi is launching SoFiUSD on Solana
“Solana is the right chain to use for payments because of the cost, the settlement speed and ultimately the throughput”- Ben Reynolds, Head of Big Business Banking pic.twitter.com/oJMW2H61C2
— Solana (@solana) May 5, 2026
SoFi’s venture into Solana reflects a growing trend among traditional financial institutions seeking scalable alternatives to giants like USDT and USDC. Backed by a national banking license and a recent strategic alliance with Mastercard, SoFi positions itself as a key infrastructure provider for other fintechs and enterprise platforms. This move coincides with Wall Street’s interest following recent stablecoin legislation in the U.S., which projects a trillion-dollar market.
The integration of SoFiUSD on Solana marks a milestone in the convergence between traditional banking and decentralized finance (DeFi). While the sector awaits the entry of new players like Bank of America, SoFi is already consolidating its 24/7 trading and settlement ecosystem.
Source: https://x.com/solana/status/2051727729532313709
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