SoFiUSD

SoFiUSD is a U.S. dollar stablecoin issued by SoFi Bank, N.A., a federally chartered national bank, making it one of the first stablecoins issued directly by a regulated bank on public, permissionless blockchains. Each token is intended to represent exactly one U.S. dollar, held as cash in the bank's federal reserve account, so that holders can redeem at any time without waiting for asset sales or liquidations. It is designed for banks, fintechs, and enterprises that want to move dollars through blockchain-based settlement or to issue their own white-label stablecoins using SoFi's regulatory and reserve infrastructure.

SoFiUSD operates on both the Solana and Ethereum ecosystems, and the data records a block time of zero minutes, meaning the token itself does not run its own blockchain or consensus mechanism — it relies on the underlying chains it is deployed on. The token is fully reserved at a supply-issued percentage of 100.0 as of the point-in-time measurement, meaning every circulating token is matched by a corresponding dollar held in reserve. Redemption is handled directly through SoFi Bank, allowing token holders to convert back to dollars through the issuing institution rather than through an automated on-chain mechanism.

The data provided contains no fee stream, revenue figures, or protocol income of any kind for SoFiUSD, which is consistent with a bank-issued reserved stablecoin where the economic model typically centers on the issuer earning interest on the reserve assets rather than on transaction fees collected by a protocol. Because no fee data is stored, the fee-based measures that this site calculates for other assets are not applicable here. The circulating stablecoin supply stands at 316,289,979.16 dollars at point-in-time measurement, and dilution overhang is recorded at 0.0 percent with no pending supply, indicating there are no known authorized-but-unissued tokens waiting to enter circulation.