Convert SoFiUSD SOFID to Resupply USD REUSD

SoFiUSD is a fully reserved U.S. dollar stablecoin issued by SoFi Bank, N.A., making SoFi the first national bank to launch a stablecoin on a public, permissionless blockchain. It is backed 1:1 by cash with reserves held in the bank’s federal account, enabling immediate redemption while minimizing liquidity and credit risk. SoFi is opening access to its stablecoin infrastructure so banks, fintechs, and enterprises can integrate SoFiUSD into settlement flows or issue white‑label stablecoins using SoFi’s regulatory, operational, and reserve framework.

A decentralized stablecoin backed by Collateralized Debt Positions (CDP), leveraging the liquidity and stability of lending markets. The Resupply stablecoin is backed by other stablecoins that are earning interest on other lending markets. Designed to maximize yield returns by having the borrow rate always be half the lending rate being earned, half the risk-free rate, or two percent, whichever is greater. Emissions are designed for long-term sustainability by directing at three groups: the insurance pool, voting incentives, and directly at borrowers. The revenue that borrowers generate will directly correlate with the emissions directed towards them. The more revenue a borrower generates for Resupply, the greater the share of emissions it will receive. Targeted platforms for launch are Curve Lend and Fraxlend.