Rewards Hub BitGo has announced that its subsidiary, BitGo Bank & Trust, will provide the infrastructure and distribution support for SoFiUSD, a USD-backed stablecoin issued by SoFi Bank. This marks the first USD stablecoin issued by a U.S. nationally chartered and FDIC-insured deposit bank on an open, permissionless blockchain. BitGo will offer technical and operational infrastructure, as well as institutional access, through its "Stablecoin-as-a-Service" platform, enhancing the reach and functionality of SoFiUSD.
BitGo to Support SoFiUSD Stablecoin with Infrastructure and Distribution
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