SoFi to Launch SoFiUSD Stablecoin on Solana on Tuesday, Citing Lower Costs and Faster Settlement

SoFi Technologies announced on Tuesday that it will begin issuing its SoFiUSD stablecoin on Solana. Ben Reynolds, SoFi’s head of big business banking, said the chain is optimal for payments due to lower costs, faster settlement speeds, and higher throughput. SoFiUSD, a fully reserved U.S. dollar stablecoin, was initially launched on Ethereum in December 2025 and has since extended its partnership with Mastercard to enable settlement across the global payments network.