On June 22, centralized exchange Bullish Exchange announced it is the first to list the SoFiUSD stablecoin for trading. The stablecoin is issued by SoFi Bank, N.A., and the listing marks its expansion beyond SoFi’s consumer banking platform into institutional digital asset markets. This move provides a new on-ramp for institutional participants to access the bank-issued digital dollar.
The Bullish Exchange has become the first centralized trading venue to list the SoFiUSD stablecoin. This listing extends the reach of SoFi’s bank-issued digital dollar beyond its consumer banking platform directly into institutional digital asset markets.
The exchange announced on June 22 that SoFiUSD is now live for trading. The stablecoin is described as the first nationally regulated bank-issued U.S. dollar stablecoin available for trading on a centralized exchange.
“SoFiUSD extends the trusted infrastructure of traditional banking into the digital asset ecosystem, offering a fully-backed, transparent, and compliant digital dollar,” the announcement stated. The stablecoin is issued by SoFi Bank, N.A., which is a nationally chartered U.S. bank.
This development provides a new pathway for institutional market participants. It connects traditional finance with the growing digital asset economy through a regulated banking entity.
