SoFi adds support for its own USD stablecoin to app

U.S. fintech platform SoFi (SOFI) has added support for its stablecoin, SoFi USD, to its app, The Block reported. This marks the first time a stablecoin issued by a U.S. bank has been integrated into a retail finance app. The stablecoin operates on both the Ethereum and Solana networks, allowing users to buy, sell, hold, and swap it within the app. SoFi plans to add more features in the coming weeks, including FDIC-insured deposit tokens, international remittances, and integration with the Bullish exchange.