SoFi Selects BitGo to Power Bank-Issued Stablecoin

TLDR SoFi has selected BitGo to provide infrastructure for its bank-issued stablecoin SoFiUSD. BitGo will support the issuance and connectivity of SoFiUSD through its stablecoin-as-a-service platform. SoFiUSD will operate on a public permissionless blockchain. SoFi said SoFiUSD is the first stablecoin issued by a nationally chartered and insured US deposit bank on a public blockchain. [...]

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