The token crossed $200M on Solana within five weeks while remaining near $100M on Ethereum for months, marking a sharp supply increase after expanding to the network.
SoFi’s SOFIUSD stablecoin has grown to a total supply of $300 million within five weeks of its May 27 launch on Solana, with more than $200 million now issued on the network. The token had been sitting near $100 million on Ethereum for months before the Solana expansion accelerated issuance. The update points to faster supply growth after SOFIUSD added support for Solana, a blockchain known for lower-cost and higher-throughput transactions.