SoFiUSD

SOFID

$1.12

-0.67%

SoFiUSD price

Not enough price history for this period yet.

Where to buy

Finst

Finst

€20 free Bitcoin

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Bitvavo

Bitvavo

€10K fee-free trading

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Buy SoFiUSD with iDEAL or Wero

Buy SoFiUSD easily with iDEAL or Wero through regulated exchanges that comply with European crypto legislation (MiCA). The exchanges below hold the required licences and are supervised by authorities such as the Dutch Authority for the Financial Markets (AFM):

How do I buy SoFiUSD?

Buying SoFiUSD through a regulated crypto exchange is straightforward and secure:

  1. Create an account: Sign up with a trusted exchange or broker of your choice.
  2. Verify your identity (KYC): Under EU law, a one-time identity check is mandatory.
  3. Deposit euros: Use your preferred payment method, such as iDEAL or Wero, to fund your account.
  4. Buy SoFiUSD: Go to the SoFiUSD page on the exchange and place your order.

Keep in mind that crypto prices are volatile and transaction fees always apply. After your purchase, SoFiUSD appears in your exchange wallet. You can keep assets there to trade, or withdraw to your own (hardware) wallet for extra security.

SoFiUSD margin trading

Want more exposure from your position? On exchanges such as Bitvavo you can trade SoFiUSD on margin. Trading with borrowed assets increases your position size, but the risks are higher: with margin trading you can lose your stake faster than with spot trading.

Frequently asked questions about SoFiUSD

Answers auto-summarised from live price and sentiment data for SoFiUSD.

SoFiUSD (SOFID) is a stablecoin designed to maintain a stable value, typically pegged to a fiat currency like the US Dollar. Its primary goal is to offer a reliable medium of exchange and store of value within the cryptocurrency ecosystem.

The current price of SOFID is $0.9977. This value can fluctuate based on market dynamics and trading activity.

In the past 24 hours, SOFID's price has changed by -0.67%. This indicates recent market movement for the stablecoin.

The all-time high price for SOFID is $0.9857. This represents the highest value it has reached since its inception.

SOFID has a market capitalization of $355,971,111.64 and is currently ranked {{market_cap_rank}}. Market cap reflects the total value of all SOFID in circulation.

The news sentiment for SOFID over the past 24 hours is neutral with a score of unknown. This reflects the general tone of news coverage regarding the stablecoin.

Generally, positive news sentiment can lead to increased demand and potentially higher prices, while negative sentiment might lead to decreased demand and lower prices. However, stablecoins like SOFID aim for price stability, so their price movements may be less directly influenced by sentiment compared to other cryptocurrencies.

Last refreshed:

Sentiment history SOFID

Last 7 days · hourly

Warning: last measurement is older than 4 hours (last update: —).

About SoFiUSD

SoFiUSD (SOFID) is a stablecoin engineered to maintain a stable value, pegged 1:1 to the US Dollar. Its primary objective is to serve as a reliable digital medium of exchange, facilitating transactions and acting as a store of value within the digital finance ecosystem. SoFiUSD is an initiative by SoFi Technologies, Inc., a prominent American financial technology company. The founders of SoFi Technologies include Mike Cagney, Daniel Macklin, James Sanfilippo, and Raja Raghunathan. The distinctive mechanism of SoFiUSD lies in its transparent and fully-backed nature. The stablecoin is supported by US Dollars held in segregated bank accounts. This ensures that for every SOFID token issued, a corresponding dollar is readily available. Reserves are subject to regular audits to guarantee the integrity of the dollar peg.

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