SoFi Technologies launched SoFiUSD, a stablecoin available on its banking app for nearly 15 million members. The stablecoin runs on Ethereum and Solana networks, is backed by liquid assets, and is redeemable one-to-one for US dollars. CEO Anthony Noto said the launch lets members access digital assets within the same app used for saving, investing, borrowing, and spending.
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Tracey Davies on AI and stablecoins at Money2020 Europe
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