SoFiUSD

SoFiUSD is a U.S. dollar stablecoin issued by SoFi Bank, N.A., a federally chartered bank, making it one of the first stablecoins to be issued directly by a national banking institution on public, permissionless blockchains. Each token is designed to represent one U.S. dollar and can be redeemed on a one-to-one basis, with reserves held as cash in a federal bank account. It is intended for banks, fintechs, and enterprises that want to settle transactions in a digital dollar or build their own stablecoin products on top of SoFi's regulatory and reserve framework.

SoFiUSD exists on both the Solana and Ethereum blockchains, meaning it can be transferred and settled using either network's infrastructure without relying on its own consensus mechanism. The token is fully reserved, so every unit in circulation corresponds to a dollar held at the bank, and reserves are kept in a federal account to allow immediate redemption. The data records no block time of its own, reflecting that the token itself is a smart-contract asset that inherits the settlement properties of the underlying chains it runs on.

The data provided does not include a fee stream associated with SoFiUSD, so there are no protocol-level fee revenues, fee recipients, or fee-based metrics to report here. What the data does show is a circulating stablecoin supply of 354,465,290.99 tokens at the point-in-time reading and a 30-day supply change of 10.400559 percent, reflecting how quickly new tokens have been minted relative to the base. The 24-hour turnover ratio stands at 2.38172 and the 30-day average turnover ratio is 0.818116, both measuring trading volume relative to market capitalization over their respective periods, but neither figure represents a fee collected by the protocol.