SoFiUSD
SOFID#134 by market capNot covered. The criterion it missed: documentation found but no public code repository listed.
SoFiUSD is for a stable digital dollar. We have not written its record yet, so its promises are not checked. It trades at $0.9994, #133 of all coins by size, 0% below its highest ever price.
This week Nothing changed on its record.
No stated job or named backing. No dated promises on its pages. Nothing dated ahead. #18 of 83 USD stablecoins. Nothing to be careful of on the record.
Is it real?
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0 of 4
- –A real-world jobDoes it say what problem it solves, in a category that is not a joke?
- –Real backingA named investor, an index, a major exchange, or a billion-dollar size.
- –Something aheadA dated step, deliveries on record, or demand showing up in the news.
- –Room to growWorth at least four times less than the biggest coin doing the same job, so the gap is real, not a guess.
No named backer
- Origin4 August 2026about about 1 monthsofi.com/crypto
- DevelopersNot namedNeither Wikidata nor its listing names the foundersNo public code repository listed
- BackingNo named investorListed on Kraken
- Standing on the recordNo recordNo dated promise to judge yet10 headlines last month, 4 about government60 people keep it on a CoinGecko watchlistNo corrections needed so far
It is already worth more than the typical coin in USD Stablecoin ($35.67M). To match the leader, USDS ($9.86B), its price would need to rise 2970%, to about $30.68.
Still to check
- No dated promise on record yet, so delivery cannot be judged
- Listed on fewer than two big exchanges (Kraken)
- No named investor among its tags
What to do Nothing dated is ahead and nothing has been delivered on record. There is no event to wait for yet, which is itself the answer.
A gap is not a forecast. Most small coins never close it. The site never picks.
Four tests, printed. Passing all four means a real job, real backing, something ahead, and a price far below the leader of its group. A filter on facts, never a verdict.
Every line has a source: the coin's own listing, CoinGecko's tags, the record, or the news feed. Reputation here is a count, never an opinion.
Does it deliver?
No dated promise has been found on the pages this project publishes. Its pages are saved every night, so anything it commits to from now on appears here.
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Every line is quoted from the project's own pages, with the copy we stored and, where one exists, the article that reported it
What is next, and when?
Nothing dated has been found on its pages, so there is no date to wait for yet.
How big is it next to its rivals?
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Only coins within a hundred times its worth; a coin a thousand times bigger is another world
A stable digital dollar
194 coins tagged Stablecoins, worth $309.33B together. #24 of 194 by worth.
USD Stablecoin: this coin against its direct competitors
- CoinWorth, as a barWorthAgainst this coinToday, and the gapSupplyPromises
SoFiUSD$321.18Mthis coin−0.0%no maxno record
USDS$9.86B30.7× bigger, +$9.54B+0.0%, gap +0.0no maxno record
Ethena USDe$4.68B14.6× bigger, +$4.35B+0.0%, gap +0.0no maxno record
Dai$4.59B14.3× bigger, +$4.27B−0.0%, gap +0.0no maxnone dated
USD1$4.34B13.5× bigger, +$4.02B+0.0%, gap +0.0no maxno record
Global Dollar$3.32B10.3× bigger, +$2.99B+0.0%, gap +0.0no maxnone dated
PayPal USD$2.87B8.9× bigger, +$2.55B+0.0%, gap +0.0no maxno record
Ripple USD$2.37B7.4× bigger, +$2.05B+0.0%, gap +0.0no maxno record
USD Stablecoin: this coin next to USDS, the biggest rival within reach. People go to the bigger coin unless the smaller one does something it does not.
- SoFiUSD says
- SoFiUSD is a fully reserved U.S.
- USDS says
- USDS is the stablecoin of the decentralized Sky ecosystem, designed to maintain a soft peg (a value intended to stay close) to the U.S.
Two claims, side by side, in their own words. Whether the difference is real is for the record to show over time, and for you to judge.
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.
Problem it says it solves: a stable digital dollar. 194 coins are working on it and together they are worth $309,327,253,815. This coin is 0% of that.
Each bar is a coin's worth today (price × coins out), longest first. The lit bar is this coin; grey bars are the others doing the same job.
Bars are market cap. Order is size, nothing else. Differences are measured from the coin you are looking at.
What should make me careful?
Nothing printed today
None of the six tests fails. A missed promise counts only on a record a person has checked.
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USD Stablecoin: this coin next to the group's largest, USDS.
| SoFiUSD | USDS | |
|---|---|---|
| Years trading | 1 months | 2 years |
| Major exchanges | 1 | 7 |
| Named backers | 0 | 0 |
| Headlines, last month | 10 | 16 |
| Promises delivered | no record | no record |
What it says is different: 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 3.3% the size of USDS. On the facts above it is behind on years trading, major exchanges. For that gap to close, the record would need deliveries showing up in its record, listings on major exchanges. Nothing here says it will; the site does not predict.
The tests: nothing to hold it for, more missed than delivered, priced ahead of its record, half the supply still to come, rivals ship while it does not, a big release of coins soon.
The homework: the coin itself, the news, the record
The coin itself
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The last 7 days
Where today sits against its highest ever price
Highest ever: $1.00 on 7 August 2026. Today is 100% of that.
100%
of all SOFID that will ever exist is already out in public hands: 321.37M coins.
Nothing is held back. Every coin is already out.
out held back. Each dot is 1%.
Meant to stay at one dollar
Holding it is holding a copy of a dollar. It is not built to rise.
- Nothing the project's own pages spell out.
That is all a market cap is: today's price times the coins in public hands. It moves every time the price does. It says what buyers are paying, not what the coin is worth.
- 321.37Min circulation of 321.37M total. No hard maximum is set, so more can be created.
- of its all-time high of $1.00 on 7 August 2026. That is −0.2% from the top.
- #133by market cap, $321,177,930.
- Not checkedwho holds the most coins, and how much has been burned. Those need on-chain data this site does not read yet.
Supply and value figures from CoinGecko, refreshed hourly. Not part of the record.
What the news says
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Headlines per day, last 30 days
10 headlines named this coin in the last month.
What they were about
- Lawsuit4
- Stablecoin2
- Banks1
- Partnership1
- SoFi and Kraken Link Banking Rails, SoFiUSD and Crypto Liquidity
- Mastercard To Accept SoFiUSD for Global Card SettlementGovernment
- SoFi Technologies Teams Up With Payward: Will SoFiUSD Gain Traction?Upcoming
- Payward joins SoFi's settlement network as Kraken lists the SoFiUSD stablecoinGovernment
- SoFi taps Kraken Prime and lists SoFiUSD
- SoFi Technologies Teams Up With Payward: Will SoFiUSD Gain Traction?Upcoming
- SoFi lists SoFiUSD on Kraken as the two firms open round-the-clock dollar settlementGovernment
- Payward and SoFi Partner to Route SoFiUSD Trades Through Kraken Prime for 24/7 SettlementGovernment
- SoFi Stock Gains 2.5% as Kraken Agreement Lists SoFiUSD Stablecoin on Crypto Platform
- SoFi taps Kraken Prime and lists SoFiUSD
10 headlines in the last month.
Headlines are the publishers' own. News is never placed next to price.
The record itself
Not covered. The criterion it missed: documentation found but no public code repository listed.
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Six facts, the project's own replies, its peers, contract facts, references and every stored copy