Bull Stock Market (NYSE: BLSH) announced that SoFiUSDA US dollar settlement stablecoin issued by SoFi Bank, North America (NASDAQ:SOFI), is now ready to be traded on its platform. The move positions Bullish as the first centralized cryptocurrency exchange to list the token, expanding its reach beyond SoFi’s consumer banking app to its corporate banking app digital asset markets.
SoFiUSD represents a significant step in blending traditional banking With blockchain technology. Issued by a US national bank, this coin stands out as the first stablecoin of its kind from such an entity.
The token remains pegged one-to-one to the US dollar and is fully backed by reserves; this allows holders to convert it directly into fiat currency.
SoFi introduced SoFiUSD to approximately 15 million members in May 2026, transforming the product from enterprise-focused infrastructure to broader everyday use in consumer banking.
Listing happens in the background GENIUS ActIt entered into force in 2025.
This law created the first comprehensive federal framework for the US dollar payment Stablecoins allow regulated banks and qualified issuers to bring digital dollars to market under clear custody and reserve requirements.
Institutional-grade liquidity and trading infrastructure Bullish’s centralized limit order book combined with its proprietary automated market maker powers the trading experience.
This setup generates a large number of bids and offers from the platform’s own liquidity resources, helping to minimize price slippage and maintain tight spreads even during volatile periods.
The system operates independently of external oracles, supporting consistent depth across different market conditions.
Institutional clients gain access to a regulated venue where client assets are held 1:1 and are completely separate from the exchange’s own assets.
Bullish maintains proper equipment, softwareand operational safeguards to protect funds.
In May 2026 alone, the platform’s total spot trading volume was recorded at $30 billion, underlining its capacity to accommodate significant activity.
Taurus CEO Tom Farley He described the development as a defining moment for the wider market.
He noted that regulated institutions go beyond observation and actively build. digital asset Space is proud to partner with SoFi to become the first exchange to offer SoFiUSD.
SoFi CEO Anthony Noto He emphasized that the launch of SoFiUSD provides users with a trusted method to interact with digital dollars, backed by the power and regulatory oversight of a company. WE national bank.
Bull described the listing as an exciting milestone that expands access and extends the token’s utility in the digital asset ecosystem.
Noto expressed excitement about continuing collaboration to increase the availability of regulated and transparent resources. stablecoins for both corporate partners and SoFi members.
Eligible institutional clients interested in trading SoFiUSD on Bullish can contact sales@bullish.com to participate.
The token is traded on the exchange’s high-performance matching engine. This development shows that the Bull market is as follows: SoFi‘s first centralized exchange partner.
It facilitates more seamless integration between established financial institutions and on-chain markets, potentially increasing price stability and execution efficiency for larger transactions.
Bullish itself operates under numerous regulatory licenses and registrations, including the oversight of Germany’s New York State Department of Financial Services. BaFinHong Kong Securities and Futures Commission and Gibraltar Financial Services Commission.
Its operations in the US are as follows: NYDFS Regulation and FinCEN registration as a money services business.
The listing brings a bank-issued stablecoin into a professionally focused trading space, underscoring the growing convergence between them. traditional finance and digital assets.
It offers institutions a new option to hold and trade in a different environment. organizedFully segregated dollar equivalent while leveraging the efficiency of blockchain. As the adoption of such tools becomes more widespread under clearer regulatory barriers, platforms such as the following are emerging: Rise They are in a position to play a central role in bridging these ecosystems.
