Crypto
SoFi launches bank-issued stablecoin SoFiUSD in partnership with BitGo
Fintech platform SoFi Technologies will launch SoFiUSD, a stablecoin that complies with U.S. federal regulations, in partnership with digital asset custodian BitGo, Cointelegraph reported on March 5. SoFiUSD is described as the first stablecoin issued on a public blockchain by a federally chartered depository bank. BitGo will support issuance through its stablecoin-as-a-service platform and help connect it to payment firms, market participants and crypto exchanges.
