A major milestone just hit the crypto space: SoFi, a federally chartered national bank, has rolled out SoFiUSD—a fully backed U.S. dollar stablecoin. What makes this huge? It's the first time a properly licensed national bank has minted and launched a stablecoin directly onto a public blockchain without permission requirements. This breaks down the old walls between traditional banking and decentralized networks. SoFiUSD comes with full reserve backing, meaning every token is backed 1:1 by actual dollars. For the stablecoin ecosystem, this is a turning point—it signals that mainstream financial institutions are moving beyond just dabbling in crypto. They're building actual products on public blockchains. Whether this opens the floodgates for other banks to follow suit remains to be seen, but the message is clear: institutional-grade stablecoins on open chains are no longer a fringe experiment.