SoFi has officially unveiled SoFiUSD, marking a major milestone in institutional adoption of blockchain technology. The fully reserved U.S. dollar stablecoin distinguishes itself as a product issued by a national bank directly onto a public, permissionless blockchain—a first in the industry. This move signals growing mainstream acceptance of stablecoins and crypto rails among regulated financial institutions, potentially accelerating the bridge between traditional finance and decentralized networks. The launch demonstrates how established banks are now competing directly in the Web3 ecosystem rather than observing from the sidelines.