SoFi Technologies has made its U.S. dollar-pegged stablecoin available to its 14.7 million members directly within the SoFi app, marking the first instance of a U.S. national bank-issued stablecoin embedded in a retail banking interface, according to the company.

The stablecoin initially operates on Ethereum and Solana. Members can buy, sell, hold, and convert SoFiUSD within the same app used for savings, spending, borrowing, and investing, SoFi said in a statement shared with The Block.

SoFi is positioning the product as part of a broader effort to integrate blockchain-based settlement tools into its banking stack, spanning consumer payments, custody, and potential enterprise integrations. The company said the structure is intended to combine regulated banking infrastructure with onchain settlement rails under a single consumer interface.

"At SoFi, we believe we can combine the speed and versatility of the blockchain with the trust of a bank to improve how money moves around the world," SoFi CEO Anthony Noto said. "People no longer have to choose between blockchain technology and regulated banking products. With SoFiUSD, we're giving our members a single place to buy, hold, and pay with digital assets in the same app they already use to save, spend, borrow, and invest."

According to the bank, the rollout is the first phase of a broader roadmap. In the coming weeks, the company plans to add tokenized deposits with Federal Deposit Insurance Corporation (FDIC) insurance, cross-border transfers, and a Bullish exchange integration for institutional clients.

SoFi first introduced its stablecoin initiative in December, describing SoFiUSD as a fully reserved digital dollar issued by its nationally chartered bank and designed for 24/7 settlement. The company has also said the underlying infrastructure could allow banks, fintechs, and enterprise partners to issue white-label stablecoins or integrate SoFiUSD directly into their own payment and settlement systems

In March, SoFi extended its partnership with Mastercard to enable SoFiUSD as a settlement currency across Mastercard's global payments network. Under that agreement, SoFi Bank plans to settle its own credit and debit transactions powered by the Mastercard network in SoFiUSD, with Galileo, SoFi's technology platform, expected to offer issuing banks the option to settle card transactions using the stablecoin.