SoFiUSD is a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A., making SoFi the first national bank to launch a stablecoin on a public, permissionless blockchain. It is backed 1:1 by cash with reserves held in the bank’s federal account, enabling immediate redemption while minimizing liquidity and credit risk.
SoFi is opening access to its stablecoin infrastructure so banks, fintechs, and enterprises can integrate SoFiUSD into settlement flows or issue white‑label stablecoins using SoFi’s regulatory, operational, and reserve framework.
SoFiUSD price analysis
SoFiUSD (SOFID) trades at $0.998884 with a 24-hour volume of $1.34M and a market capitalization of $313.44M. The asset is currently ranked #132 among all tracked cryptocurrencies.
In the last 24 hours, the SOFID price has fallen +0.06%. On a seven-day window, SoFiUSD has retraced +0.03%, under sustained selling pressure on both windows. Short-term moves are often amplified by liquidity, news flow, and derivatives positioning, so confirm signals across multiple indicators before acting.
SoFiUSD's all-time high of $1.00 was set on August 7, 2026. The current price sits +0.28% below that peak. Distance from the all-time high is a common reference point when evaluating long recoveries and macro support or resistance.
How to buy SoFiUSD
Buying SoFiUSD (SOFID) is a five-step routine once you have picked the right venue and pair. The steps below mirror what most investors do today.
- Pick a reputable exchange. Choose a platform that lists SOFID with deep liquidity, transparent fees, and a clean security record. Our top-rated exchanges guide compares the leading venues side by side.
- Create and verify your account. Complete the exchange's KYC process — most platforms require a government-issued ID and a short identity check. It is a one-off step that usually takes a few minutes.
- Fund your account. Deposit fiat via bank transfer or card, or use a stablecoin like USDT or USDC. Stablecoin deposits settle the fastest and cost the least.
- Place a buy order. Open the SOFID/USD or SOFID/USDT pair, then execute a market order for instant fills or a limit order at your preferred entry.
- Secure your SOFID. For long-term holdings, move tokens to a non-custodial wallet — a hardware device for highest security, or a reputable software wallet for frequent access.
You can also use the SoFiUSD converter above to estimate how much SOFID you would get for a given dollar amount before placing the order.
Is SoFiUSD a good investment?
Whether SoFiUSD is a good investment depends on your goals, time horizon, and tolerance for volatility. Like all cryptocurrencies, SOFID carries real market risk: prices can rise or fall sharply in a day, and past performance is not a reliable indicator of future returns.
Potential strengths
- Ranked #132 by market cap with an established trading history and active exchange coverage.
- Transparent on-chain data: real-time supply, circulation metrics, and publicly auditable transactions.
- Ongoing ecosystem development and community engagement, reflected in Stablecoins and USD Stablecoin activity.
Key risks to consider
- Volatility: 5–15% intraday moves are common across crypto markets.
- Regulatory uncertainty: policy changes in major jurisdictions can meaningfully affect price and access.
- Liquidity and custody risk: not all exchanges are equally safe, and self-custody requires careful key management.
This page provides data and analysis for educational purposes only. It is not financial advice. Always do your own research, diversify, and never invest more than you can afford to lose.
