BitGo will provide stablecoin technology support for SoFiUSD

BitGo announced that its subsidiary BitGo Bank&Trust has been selected to provide stablecoin infrastructure services and support distribution for SoFiUSD. SoFiUSD is issued by SoFi Bank and is the first US dollar stablecoin issued by a nationally licensed and insured deposit bank on a public, permissionless blockchain. BitGo will provide technical and operational infrastructure, as well as institutional access and application support, through the "Stablecoin-as-a-Service" platform.