SoFi announces the launch of the stablecoin SoFiUSD, initially deployed on Ethereum
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ChainCatcher News, according to The Block, SoFi Technologies has announced the launch of the SoFiUSD stablecoin. SoFiUSD is issued by SoFi Bank and is fully backed 1:1 by US dollar cash reserves, with its initial deployment on Ethereum.
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