Stablecoin Count Nears 400 as SoFi Deploys Bank-Grade Infrastructure to Match Surging Issuance
The post Stablecoin Count Nears 400 as SoFi Deploys Bank-Grade Infrastructure to Match Surging Issuance appeared on BitcoinEthereumNews.com. TLDR: Stablecoins on CoinGecko grew from under 50 in 2018 to nearly 400 in 2025, with issuance still rising fast. SoFiUSD became the first bank-issued stablecoin available inside a U.S. consumer banking app on May 27. SoFi’s Galileo platform serves 160 million accounts, giving SoFiUSD institutional distribution beyond its own users. SoFiUSD is fully backed by Federal Reserve cash, setting it apart from mixed-reserve crypto-native stablecoin issuers. Stablecoins listed on CoinGecko have grown from under 50 in 2018 to nearly 400 in 2025, with issuance still accelerating. That volume of capital requires disciplined credit infrastructure to match it. SoFi Technologies made a direct move in that direction on May 27, launching SoFiUSD to all 14.7 million banking app members. The token redeems 1:1 for U.S. dollars and runs on Ethereum and Solana. Source: