SoFi is launching its SoFiUSD stablecoin on Solana, expanding the bank’s crypto payments strategy as it pushes stablecoin infrastructure into faster and lower cost settlement networks.

Ben Reynolds, SoFi’s head of business banking, announced the move during a fireside chat at Solana Accelerate Miami 2026, where SoFi was listed on the agenda alongside payments, stablecoin, and institutional finance discussions.

“Solana is the right chain to use for payments because of the cost, the settlement speed and ultimately the throughput,” Reynolds said.

SoFi launched SoFiUSD in December 2025 as a fully reserved US dollar stablecoin issued by SoFi Bank, N.A. The company said at the time that SoFiUSD made it the first…