SoFiUSD (SOFID)
CryptoScore Pro global score : 63/100 (computed on 2026-10-28)
SoFiUSD (SOFID) is a newly launched stablecoin pegged 1:1 to the US dollar, operating as a bridge asset within SoFi’s expanding financial ecosystem, primarily deployed on Solana and Ethereum. Unlike traditional stablecoins like USDC or DAI, which rely on overcollateralization or fiat reserves, SoFiUSD leverages SoFi’s existing financial infrastructure—including its $250 billion in customer assets under management—to back its supply, positioning it as a hybrid between a centralized stablecoin and a tokenized bank deposit. This alignment with SoFi’s consumer finance platform (loans, investing, and crypto services) suggests a strategic play to integrate stablecoin utility into its broader financial products, such as seamless transactions for crypto-backed loans or instant settlements for stock trades. However, its late 2026 debut raises questions about market timing, as competition in the USD-pegged stablecoin space remains fierce, with Tether (USDT), Circle (USDC), and Paxos (USDP) dominating liquidity and adoption. The absence of a public whitepaper or detailed technical documentation further obscures how SoFi intends to differentiate SOFID beyond its institutional backing,…
Scores by pillar
| Technology | 64/100 |
|---|---|
| Tokenomics | 73/100 |
| Team | 45/100 |
| Adoption | 48/100 |
| Liquidity | 63/100 |
| Compliance | 77/100 |
Market data
| Price | $0.9995 |
|---|---|
| Market cap | $347.08M |
| 24h volume | $11.60M |
| Market cap rank | #164 |
| 24h change | +0.04% |
| 7d change | +0.02% |
| Blockchain | Solana |
| Sector | Stablecoin |
Analysis
SoFiUSD integrates into SoFi's financial ecosystem. This stablecoin, active on Solana and Ethereum, is backed one-for-one by institutional assets. It functions as a tokenized bank deposit. The token serves as a bridge for crypto-backed loans and securities settlements.