SoFi Bank Launches First U.S. Chartered Bank Stablecoin With BitGo Infrastructure

TLDR: SoFiUSD is the first stablecoin issued by a U.S. nationally chartered and insured deposit bank on a public chain. BitGo’s Stablecoin-as-a-Service platform powers SoFiUSD’s minting, burning, and institutional distribution. Both SoFi Bank and BitGo Bank & Trust are OCC-regulated, creating a dual-compliance framework for the token. The GENIUS Act passage enabled the legal foundation [...]

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