SoFi has introduced a new enterprise platform called Big Business Banking aimed at combining traditional finance with digital asset infrastructure.
The platform allows institutions to manage fiat currencies, SoFiUSD, and selected cryptocurrencies within a single regulated banking environment.
The service operates under SoFi Bank’s national charter, offering continuous payments and liquidity management throughout the day and night.
This move positions SoFi among the first regulated banks in the United States to scale stablecoin-based settlement for corporate clients.
The system supports API-driven transactions using US dollars, SoFiUSD, and digital assets, giving users flexibility across multiple financial rails.
Clients can seamlessly convert between fiat and crypto, including the ability to mint and redeem SoFiUSD within a controlled banking framework.
SoFiUSD is fully backed and issued by SoFi Bank, designed as a stable settlement tool rather than a speculative digital asset.
The stablecoin runs on public blockchain networks, enabling near-instant settlement and improved transaction efficiency.
Early institutional users include major crypto firms such as Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, and Jupiter.
These partnerships highlight SoFi’s focus on institutional liquidity rather than retail-focused crypto services.
The platform uses Solana and other blockchain systems to process transactions quickly and at lower cost.
Earlier in 2026, SoFi enabled direct Solana deposits for millions of users, marking a deeper push into blockchain integration.
SoFiUSD is positioned as a wholesale settlement asset for banks, fintech firms, and payment providers across global markets.
"SoFi USD will be the means of corresponding banking between banks, but also be the way to move money cheaper, faster and safer,"
Anthony Noto said.
The company has also partnered with Mastercard to use SoFiUSD in settlement flows across its international network.
This collaboration links SoFi’s Galileo platform with tokenised payment systems, expanding its role in digital finance infrastructure.
The European Central Bank has warned that widespread stablecoin use could weaken traditional bank funding models.
Meanwhile, competitors like BNY are exploring stablecoin reserves, signalling growing competition in the sector.
SoFi aims to gain an advantage by offering a unified system that combines cash management, liquidity, and blockchain settlement.
The strategy reflects a broader shift as institutions move increasing transaction volumes onto blockchain-based financial rails.
At the time of reporting, Solana price was $77.89.