SoFi USD
Overview
SoFiUSD is a bank-issued dollar stablecoin from SoFi, and its main significance is the category it represents: after the GENIUS Act, US banks can issue their own settlement-grade stablecoins instead of relying on Circle or Paxos.
Mastercard listing SoFiUSD alongside USDC and PYUSD suggests card networks will treat bank-issued and fintech-issued regulated coins interchangeably in settlement, as long as reserve and redemption standards match.
Card-network settlement support
Included in Mastercard’s June 2026 settlement set — an example of a US bank issuing its own settlement-grade stablecoin under the GENIUS Act.
Regulation & reserves
Fully USD-backed, redeemable 1:1 (issuer disclosures).
Chain deployments
| Chain | Standard | Contract / asset identifier |
|---|---|---|
| Multiple (per Mastercard program) | — | Deployment details not independently verified yet — check SoFi issuer documentation. |
Always verify contract addresses against the issuer’s official documentation before use — lookalike tokens with identical symbols are a common scam vector.