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Record sog_st_sofiusd
SOFID/SoFiUSD
Also recorded as SoFiUSD, SOFID, SoFi USD
- Lifecycle
- Active
- Issuance
- Restricted
- Reference target
- US dollar
- Primary organization
- SoFi Bank, N.A.No additional recorded relationship
- Launch
- 2025-12-18
- Redemption
- Eligible Customers Only
- Backing
- Fiat and cash equivalents
- Stabilization
- Issuer redemption
- Last review
- 2026-06-25
- Evidence
- 4 source records
Reviewed assessment
Identity and current state
This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.Fully reserved payment stablecoin issued by SoFi Bank, N.A. under the SoFiUSD brand and SOFID on-chain symbol.
| Name | SoFiUSD |
|---|---|
| Symbol | SOFID |
| Aliases | SoFiUSD, SOFID, SoFi USD |
| Asset class | Stablecoin |
| Lifecycle status | Active |
| Issuance status | Restricted |
| Canonical record ID | sog_st_sofiusd |
| Route slug | sofiusd |
| Record confidence | High |
| Last reviewed | 2026-06-25 |
- Name
- SoFiUSD
- Symbol
- SOFID
- Aliases
- SoFiUSD, SOFID, SoFi USD
- Asset class
- Stablecoin
- Lifecycle status
- Active
- Issuance status
- Restricted
- Canonical record ID
sog_st_sofiusd- Route slug
sofiusd- Record confidence
- High
- Last reviewed
- 2026-06-25
Record coverage
| Section | Entries |
|---|---|
| Organizations | 1 |
| Sources | 4 |
| Reserve reports | 1 |
| Reserve components | 1 |
| Model-history events | 1 |
| Regulatory notes | 0 |
| Deployments | 2 |
| Issuer-control actions | 0 |
| Open questions | 5 |
| Events | 1 |
Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.
- Governance
- Centralized
- Primary display organization
- SoFi Bank, N.A.
- Primary display role
- Legal issuer
- Display selection mode
- Deterministic Policy
- Current relationships
- 1
- Ended relationships
- 0
- Unknown relationship state
- 0
- Freeze capability
- 0 recorded yes · 0 recorded no · 2 not recorded
- Blacklist capability
- 0 recorded yes · 0 recorded no · 2 not recorded
- Deployment control-event references
- 0
- Observed issuer-control events
- 0
- Relationship coverage
- 1 recorded relationship
| Organization | Organization category | Regulatory character | Jurisdiction | Role | Display priority | From | Until | Relationship status |
|---|---|---|---|---|---|---|---|---|
| SoFi Bank, N.A. | Bank, trust, or credit institution | Regulated bank, trust, or credit institution | United States | Legal issuer | Primary display | 2025-12-18 | Not yet recorded | Active relationship |
Bank, trust, or credit institution
Primary displaySoFi Bank, N.A.
- Functional role
- Legal issuer
- Relationship status
- Active relationship
- Regulatory character
- Regulated bank, trust, or credit institution
- Jurisdiction
- United States
- From
- 2025-12-18
- Until
- Not recorded
Mechanism
How the asset works
Reference, backing, stabilization, exit, valuation, and yield remain separate facts.- Reference target
- US dollar
- Reference kind
- Fiat
- Comparison category
- US dollar
- Target value
- Not yet recorded
- Reference methodology
- Targets one U.S. dollar.
- Public backing model
- Fiat and cash equivalents
- Canonical backing types
- Cash, Bank Deposits
- Reserve component categories
- Cash Equivalents
- Primary stabilization mechanism
- Issuer redemption
- Recorded model description
- Cash and Cash Equivalents Primarily Federal Reserve Balances
- Redemption / exit model
- Eligible Customers Only
- Valuation source
- Public information is incomplete
- Yield / rebase profile
- None recorded
- Classification notes
- National-bank-issued payment stablecoin; future interest-bearing tokenized deposits remain separate.
Reserve and redemption
Reserve and redemption
Recorded components, disclosures, reports, and redemption conditions remain explicit.Reserve components
- Cash and cash equivalents, primarily Federal Reserve balancesCash Equivalents · Official program description supports cash-equivalent backing; no unsupported current percentage is asserted.
| Disclosure status | Monthly Independent Attestation Program |
|---|---|
| Backing types | Cash, Bank Deposits |
| Summary | Official material describes full 1:1 reserves in cash or cash equivalents, primarily balances at the Federal Reserve, with monthly independent attestations. |
| As of | 2026-06-25 |
| Profile confidence | High |
- Disclosure status
- Monthly Independent Attestation Program
- Backing types
- Cash, Bank Deposits
- Summary
- Official material describes full 1:1 reserves in cash or cash equivalents, primarily balances at the Federal Reserve, with monthly independent attestations.
- As of
- 2026-06-25
- Profile confidence
- High
| Current status | Eligible Customers Only |
|---|---|
| Settlement asset | USD |
| Eligible parties | Eligible SoFi members, enterprise partners, or approved routes under applicable terms. |
| Retail access | Eligible Customers Only |
| Institutional access | Approved Partner Direct |
| Minimum amount | Product terms dependent. |
| Fee | Product terms dependent. |
| Settlement time | Product terms dependent. |
| Regional limits | Membership, product, wallet, and jurisdiction restrictions may apply. |
- Current status
- Eligible Customers Only
- Settlement asset
- USD
- Eligible parties
- Eligible SoFi members, enterprise partners, or approved routes under applicable terms.
- Retail access
- Eligible Customers Only
- Institutional access
- Approved Partner Direct
- Minimum amount
- Product terms dependent.
- Fee
- Product terms dependent.
- Settlement time
- Product terms dependent.
- Regional limits
- Membership, product, wallet, and jurisdiction restrictions may apply.
| Date | Publisher | Type | Assets covered | Record confidence |
|---|---|---|---|---|
| Not yet recorded | SoFi | Official Monthly Attestation Program Context | Cash, Bank Deposits | High |
SoFi
Not yet recorded- Type
- Official Monthly Attestation Program Context
- Assets covered
- Cash, Bank Deposits
- Record confidence
- High
Deployments and legal context
Deployments and legal context
Network state, contract identity, legal notices, and value states remain separate.| Network | Network record state | Standard | Public deployment category | Canonical deployment type | Operational state | Recorded status | Change or proposal state | Canonicality | Canonicality record state | Verification state | Contract identity state | Contract or identifier | Freeze | Blacklist | Control events | Notes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ethereum | Specific network recorded | ERC-20 | Issuer- or institution-supported deployment | Issuer Supported Token | Active | Active | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Source-linked record; identifier not recorded | Identifier not recorded | Identifier not recorded | Not yet recorded | Not yet recorded | 0 | Ethereum support is identified in official product context; contract and authority details remain unresolved. |
| Solana | Specific network recorded | SPL | Issuer- or institution-supported deployment | Issuer Supported Token | Active | Active | No separate change state recorded | Issuer-native deployment | Canonicality recorded | Source-linked record; identifier not recorded | Identifier not recorded | Identifier not recorded | Not yet recorded | Not yet recorded | 0 | Solana support is identified in official product context; mint and authority details remain unresolved. |
| Date | Title | Authority / publisher | Type | Summary |
|---|---|---|---|---|
| No regulatory notes have been added yet. | ||||
No regulatory notes have been added yet.
Evidence
Evidence
Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.| Source | Publisher | Source category | Provenance | Primary or secondary | Supported claims | Archive | Reliability |
|---|---|---|---|---|---|---|---|
| SoFi launches fully reserved stablecoin Published 2025-12-18 | SoFi | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Launch Date, Issuer, Full Reserve, Launch Backing and Issuer | Archive index or wildcard | High |
| SoFiUSD product page Published Not yet recorded | SoFi | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Identity, Reserve, Redemption, Identity Reserve and Redemption | Archive index or wildcard | High |
| SoFiUSD launches on a banking platform Published Not yet recorded | SoFi | Official statement or announcement Canonical: Official Blog | Subject-controlled source | Primary source | Distribution, Deployment, Distribution and Deployment | Archive index or wildcard | High |
| What is SoFi USD Published Not yet recorded | SoFi | Official documentation or product page Canonical: Official Documentation | Subject-controlled source | Primary source | Product, Access, Redemption, Product Access and Redemption | Archive index or wildcard | High |
Known unknowns
Known unknowns and coverage
Missing or disputed facts remain visible instead of being converted into certainty.| Topic | What remains unclear | Value state | Priority | Last checked |
|---|---|---|---|---|
| Ethereum and Solana Contract Identity | Canonical Ethereum and Solana token contracts, authorities, and deployment version history remain unresolved. | Unknown after review | High | 2026-06-25 |
| First Mint and External Transfer Boundary | The exact first mint, first external transfer, and first generally available network use are not normalized. | Unknown after review | Medium | 2026-06-25 |
| Complete Monthly Attestation Normalization | The complete monthly attestation archive is not yet normalized into individual reserve-report rows. | Unknown after review | Medium | 2026-06-25 |
| Direct Redemption Eligibility and Fees | Current direct redemption eligibility, fees, minimums, settlement timing, and enterprise terms remain incomplete. | Unknown after review | High | 2026-06-25 |
| Sofid and Sofiusd Interface Naming | The complete naming and symbol treatment across wallets, explorers, banking interfaces, and partner platforms remains unnormalized. | Unknown after review | Low | 2026-06-25 |
Ethereum and Solana Contract Identity
Canonical Ethereum and Solana token contracts, authorities, and deployment version history remain unresolved.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-25
First Mint and External Transfer Boundary
The exact first mint, first external transfer, and first generally available network use are not normalized.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-25
Complete Monthly Attestation Normalization
The complete monthly attestation archive is not yet normalized into individual reserve-report rows.
- Value state
- Unknown after review
- Priority
- Medium
- Last checked
- 2026-06-25
Direct Redemption Eligibility and Fees
Current direct redemption eligibility, fees, minimums, settlement timing, and enterprise terms remain incomplete.
- Value state
- Unknown after review
- Priority
- High
- Last checked
- 2026-06-25
Sofid and Sofiusd Interface Naming
The complete naming and symbol treatment across wallets, explorers, banking interfaces, and partner platforms remains unnormalized.
- Value state
- Unknown after review
- Priority
- Low
- Last checked
- 2026-06-25
Lifecycle
History
Current classification remains separate from dated changes and incidents.Model and lifecycle changes
| Date | Event | Category | Subtype | Status effect | Recovery |
|---|---|---|---|---|---|
| 2025-12-18 | SoFi launches SoFiUSD infrastructure | Launch and introduction | Launch | Remained active | Not applicable |
Related records and corrections
Corrections and further reading
Open connected records, methodology, machine-readable data, or report a correction.- All stablecoinsCompare this record with the rest of the archive.
- SoFi Bank, N.A.United States
- Event registry1 connected event recorded.
- MethodologyRead classification, evidence, and value-state rules.
- CorrectionsReport a source, relationship, or record problem.
- Data manifestInspect the machine-readable public layer.