BitGo to Support SoFiUSD with Stablecoin Infrastructure

BitGo has announced that its subsidiary, BitGo Bank & Trust, will provide stablecoin infrastructure services for SoFiUSD, a stablecoin issued by SoFi Bank. This marks the first US dollar stablecoin issued on a public, permissionless blockchain by a nationally chartered and insured deposit bank in the United States. BitGo will offer technical and operational support, along with institutional access, through its “Stablecoin-as-a-Service” platform, enhancing the distribution of SoFiUSD.