“SoFi Bank becomes the first US national bank to launch a stablecoin, positioning SoFiUSD as a faster, safer alternative to crypto-native tokens.”, — write: www.coindesk.com
The coin is issued by SoFi Bank, a nationally chartered and FDIC-insured institution, making it the first US national bank to offer open access to its stablecoin infrastructure.
Last month, JPMorgan launched its deposit token, JPM Coin, on Base.
SoFiUSD will be available for internal use for now with a broader rollout to SoFi members expected in the coming months.
Unlike stablecoins issued by crypto-native firms, SoFiUSD is fully backed 1:1 by cash held at the Federal Reserve, meaning users can redeem it immediately without facing credit or liquidity risk. The coin is live on a public blockchain, which allows for 24/7 movement of funds at near-instant speeds and low cost.
The infrastructure also opens the door for SoFi’s partners, including banks, card networks or software firms, to issue their own white-labeled stablecoins or plug SoFiUSD into their existing payment flows. This service leans on SoFi’s banking license and reserve model, which the company says gives it an edge over less regulated stablecoin issuers.
“We’re using the infrastructure we’ve built over the last decade and applying it to real-world challenges in financial services,” said SoFi CEO Anthony Noto in a statement. “Companies today struggle with slow settlement, fragmented providers, and unverified reserve models. SoFi is helping address these gaps.”
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence’s Token Security API averaged 717 million monthly calls year-to-date in 2025, with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch, the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B, while derivatives volume peaked the same month at over $4B.
View Full Report
North Korea-linked hackers drove a record year for crypto thefts, favoring rare but massive attacks on centralized services, led by Bybit’s $1.4 billion breach.
- North Korean hackers stole at least $2 billion in 2025, up 51% from the year before, pushing their all-time haul to $6.75 billion.
- The hackers were behind 76% of service-level hacks, reflecting a shift toward fewer, larger breaches.
- Laundering patterns show heavy use of Chinese-language brokers, bridges and mixers, with a typical 45-day cash-out window.
Read full story