SoFiUSD News

Each SOFIE token represents $1 on deposit at SoFi Bank, earning 4.40% APY until the holder converts it to SoFiUSD to trade or move money on-chain.

SoFi is moving more than $25B in annualized card volume onto SoFiUSD settlement, raising a new question for Ripple’s RLUSD strategy.

SoFi is migrating its card program into SoFiUSD, while the amount already settled in the token remains undisclosed. The post Why Mastercard’s $25 billion crypto expansion isn’t what it seems appeared first on CryptoSlate.

SoFi and Kraken's parent Payward have agreed to connect banking, payments and digital assets, with SoFiUSD listed on Kraken and order flow routed through Kraken Prime.

Kraken is joining SoFi's settlement network and list SoFiUSD as the companies link traditional banking with crypto markets.