Key Takeaways

  • BitGo has been named as a stablecoin infrastructure provider for SoFi’s US dollar stablecoin. 

  • BitGo will also support distribution, bringing access to SoFiUSD to its broad institutional client base.

  • SoFiUSD is designed as connective tissue to optimize traditional financial workflows, fueling high-impact applications such as international remittances, B2B settlements, and 24/7 onchain liquidity.

  • BitGo’s Stablecoin-as-a-Service acts as the orchestration layer, providing battle-tested smart contracts, custody, and institutional-grade controls that allow SoFi to scale its stablecoin safely while maintaining rigorous transparency and security standards.

BitGo Bank & Trust, N.A. (“BitGo Bank & Trust”) is proud to announce that it has been named as a primary infrastructure provider and distribution partner for SoFiUSD, the first U.S. dollar stablecoin issued by a nationally chartered and insured deposit bank on a permissionless, public blockchain. 

Issued by SoFi Bank, N.A. and powered by BitGo’s Stablecoin-as-a-Service platform, SoFiUSD represents a landmark moment, as one of the most recognized banks in the US enables adoption of its own stablecoin.

Banks as the gateway to stablecoin adoption

The entry of institutions like SoFi into the digital asset ecosystem marks a fundamental shift in market maturity. This shift unlocks a new tier of adoption from large traditional institutions that previously remained on the sidelines due to regulatory uncertainty and technological complexity. With the GENIUS Act passed into law and the underlying infrastructure now functionally ready, SoFiUSD serves as connective tissue for enterprises looking to modernize their global treasury operations.

“We're thrilled to expand institutional access to SoFiUSD through BitGo." said Simon Griffin, Business Lead for Crypto Distribution at SoFi. "This isn't just a new token; it’s a critical piece of infrastructure that unlocks the next phase of digital finance for thousands of institutions through our partnership.”

The integration of stablecoins like SoFiUSD unlocks access for payment providers, market makers, and exchanges as well as the integration into real world use cases like international remittances, B2B payment and settlement, and 24/7 liquidity for institutional capital.  

BitGo’s Battle-Tested Stablecoin Infrastructure 

By leveraging BitGo’s Stablecoin-as-a-Service platform, SoFi is moving into the operational phase of onchain finance, delivering a scalable, regulatory-first financial instrument. 

BitGo’s role extends beyond mere custody and acts as plumbing for SoFiUSD, with mint, burn, and transaction events occurring within a compliant, battle-tested framework. BitGo’s stablecoin expertise brings with it:

  • Proven Smart Contracts: A decade of security expertise protecting the world’s most significant digital assets.

  • Global Scalability: Proven infrastructure that can handle billions of enterprise-level volume, as evidenced by previous launches like wBTC and USD1.

  • Institutional-Grade Controls: Policy and access controls trusted by thousands of financial institutions around the world.

Accelerating Institutional Adoption

Institutional clients will soon have access to SoFiUSD directly from BitGo. This accessibility helps deepen liquidity and market penetration by enabling BitGo clients to manage their positions without leaving BitGo’s environment.

Additionally, both BitGo Bank & Trust and SoFi Bank, N.A. are OCC-regulated institutions, providing a synergistic blend of regulatory alignment and institutional controls that support institutional adoption of stablecoins in the global financial system.

“Our Stablecoin-as-a-Service offering was designed for forward-thinking institutions that require cutting-edge technology paired with BitGo’s longstanding foundation of trust,” said Mike Belshe, CEO and Co-founder of BitGo. “SoFiUSD represents the convergence of compliant banking and blockchain efficiency.  We are proud to provide the infrastructure that enables SoFi to issue a stablecoin that’s safe, reliable, and ready to scale.”

If you’d like to learn more about launching a best-in-class stablecoin, get in touch.

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About BitGo

BitGo is the digital asset infrastructure company, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have been focused on accelerating the transition of the financial system to a digital asset economy. With a global presence and multiple regulated entities, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. For more information, visit www.bitgo.com.

©2026 BitGo, Inc. (collectively with its parent, affiliates, and subsidiaries, “BitGo”). All rights reserved. BitGo Bank & Trust, National Association (“BitGo Bank & Trust”) is a national trust bank chartered and regulated by the Office of the Comptroller of the Currency (OCC). BitGo Bank & Trust is a wholly-owned subsidiary of BitGo Holdings, Inc., a Delaware corporation headquartered in Palo Alto, California. Other BitGo entities include BitGo, Inc. and BitGo Prime LLC, each of which is a separately operated affiliate of BitGo Bank & Trust.

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