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Digital Bank SoFi enters Stablecoin race with US dollar token

Digital Bank SoFi enters Stablecoin race with US dollar token

SoFi Technologies has launched its own US dollar stablecoin, SoFiUSD, fully backed by cash reserves. The digital bank plans to offer the token to its members soon, aiming to facilitate 24/7 settlements for card networks, retailers, and businesses. This move a…

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