SOFI UNVEILS ETHEREUM STABLECOIN FOR TRADING AND PAYMENTS

Summary from the TLDR Crypto newsletter

SoFi Bank's SoFiUSD is a stablecoin debuting on Ethereum positioned as “bank-grade” and aimed at both SoFi's crypto trading flows, payments, and remittances. SoFi hopes to share yield with holders and partners and expand to multiple chains over time, plus offer white-labeled stablecoin infrastructure for other companies.