Bullish lists SoFiUSD as first centralized exchange to offer it

Bullish announced on June 22 that SoFiUSD is live for trading on Bullish Exchange. The stablecoin is issued by SoFi Bank, N.A. and launched in May for SoFi’s nearly 15 million members. The Bullish listing is the first time SoFiUSD has been offered on a centralized trading venue.

Bullish reported the stablecoin is fully reserved and redeemable one-for-one for U.S. dollars.

Bullish listed SoFiUSD on its central limit order book, which is integrated with the exchange’s automated market-making system. Bullish described the setup as intended to maintain liquidity, reduce slippage and narrow spreads for institutional traders.

The exchange reported roughly $30 billion in spot trading volume during May 2026. Bullish operates with approvals that include oversight from the New York State Department of Financial Services, Germany’s BaFin and the Hong Kong Securities and Futures Commission.

SoFi introduced SoFiUSD in May after a federal framework for payment stablecoins was outlined in the United States. The listing on Bullish moves the token beyond SoFi’s banking platform and onto a regulated trading venue with dedicated liquidity infrastructure for institutional market participants.

Tom Farley, Bullish’s chief executive, called the debut a milestone for institutions that are building products around digital assets rather than only observing market developments. Anthony Noto, SoFi’s chief executive, noted the listing broadens access to SoFiUSD and expands its use across the digital asset ecosystem.