SoFi Stock: Bank Debuts Dollar Stablecoin on Ethereum Network

TLDR SoFi Technologies launched SoFiUSD stablecoin on Ethereum for instant, low-cost fund settlement Commercial partners like banks and retailers can use the infrastructure starting Thursday Stock gained 64% this year as company expands crypto services beyond consumer trading Stablecoin backed by cash reserves at Federal Reserve with immediate redemption capability Launch follows November reintroduction of [...]

The post SoFi Stock: Bank Debuts Dollar Stablecoin on Ethereum Network appeared first on Blockonomi.