Is SoFiUSD (SOFID) halal or haram?
Not screened yet
We have not run our Shariah screening on SoFiUSD yet, so we are not giving a ruling on this page. What is below is what we have gathered and checked ourselves, without any AI: where the coin lives, its supply, what its own blockchain says about who can freeze or create coins, and the project's own documents.
What it is
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.
The basics
- Where it lives
- token on ethereum (also on solana)
- Circulating supply
- 326,832,984 SOFID
- Total supply
- 326,832,984 SOFID
- Category
- Stablecoins, USD Stablecoin, Solana Ecosystem
Who controls the coins
Read from the token's verified contract on Ethereum (0x0cb6d03b0ac88a463f67b7ad99f9f3ec4678092e) on 2026-09-19: it has mint (capped, held by an account we could not identify), mintBatch (capped, held by an account we could not identify), pause (held by an account we could not identify); what these allow is checked at screening. Its code can be replaced by whoever holds the upgrade power.
Whether anyone can freeze a holder's balance, or create new coins, is part of our screening. This much is read straight from the blockchain, so it is already established before any screening runs.