SoFiUSD (SOFID) stablecoin analytics
Answer First
What is SoFiUSD (SOFID)?
SoFiUSD is SoFi Bank's USD stablecoin, fully reserved by cash at the bank's Federal Reserve master account; minted and redeemed 1:1 via BitGo infrastructure. The static profile records its US Dollar peg mechanism as: 1:1 mint and redeem via BitGo infrastructure; instant conversions between dollars and SOFID
Is SOFID safe?
SOFID holds a C- Safety Score grade (51/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says SoFiUSD uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Attestation from Deloitte & Touche LLP; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
SoFiUSD (SOFID) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar.
AI summary / Updated Sep 29, 2026
SoFiUSD is the first stablecoin issued by a U.S. national bank; SoFi Bank, N.A. describes the reserves as cash at its Federal Reserve master account. BitGo runs the 1:1 mint and redemption, and the reserve interest stays with the bank, not holders.
AI summary · drafted by glm-5.3 · facts as of Sep 29, 2026
Sources: CoinGecko: SoFiUSD price and circulating supply (Sep 29, 2026), SoFi press release: SoFiUSD retail launch to nearly 15M members (May 27, 2026), SoFi press release: Mastercard settlement go-live, $25B card program migrating to SoFiUSD (Sep 22, 2026), and SoFiUSD product page: reserves held at the Federal Reserve master account
- Collateral
- 1:1 USD reserves held as cash or cash equivalents at SoFi Bank's Federal Reserve master account; reserves earn interest on reserve balances (IORB) retained by SoFi, not passed to holders
- Peg Mechanism
- 1:1 mint and redeem via BitGo infrastructure; instant conversions between dollars and SOFID
- Jurisdiction
- United States / OCC (national bank charter)
- Proof Of Reserves
- Independent Attestation by Deloitte & Touche LLP Reserve source
Next Actions
Exact bot target: /subscribe dews,depeg,safety sofid-sofi
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 29, 2026.
SOFID quick answers
What is SoFiUSD (SOFID)?
SoFiUSD is SoFi Bank's USD stablecoin, fully reserved by cash at the bank's Federal Reserve master account; minted and redeemed 1:1 via BitGo infrastructure. The static profile records its US Dollar peg mechanism as: 1:1 mint and redeem via BitGo infrastructure; instant conversions between dollars and SOFID
Is SOFID safe?
SOFID holds a C- Safety Score grade (51/100) in Pharos's latest published rating — a middle-tier grade that meets baseline expectations but carries meaningful weaknesses, so Pharos does not consider it clearly safe. Static metadata says SoFiUSD uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Attestation from Deloitte & Touche LLP; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs SOFID?
Pharos classifies SOFID backing as Real-World Asset Backed. Collateral, per the static profile: 1:1 USD reserves held as cash or cash equivalents at SoFi Bank's Federal Reserve master account; reserves earn interest on reserve balances (IORB) retained by SoFi, not passed to holders Reserve evidence: Independent Attestation from Deloitte & Touche LLP.
Can SOFID be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for SOFID, when applicable, appear in the dossier below.
