Cayman Islands – June 22, 2026 – Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced that SoFiUSD is now live for trading on Bullish Exchange. Bullish is the first centralized exchange to list SoFiUSD, the US dollar payment stablecoin issued by SoFi Bank, N.A., and the first stablecoin issued by a US national bank.

SoFi introduced SoFiUSD to its nearly 15 million members in May 2026, taking a stablecoin that began as enterprise infrastructure into everyday consumer banking. The listing carries that bridge between traditional banking and digital assets into institutional markets: as SoFi's first centralized exchange partner, Bullish gives institutional customers access to the asset on a regulated, institutionally focused exchange with deep and predictable liquidity.

The listing arrives as bank-issued stablecoins move into traditional finance. The GENIUS Act, which established a federal framework for US dollar payment stablecoins in 2025, opened the door for regulated banks to issue digital dollars. SoFiUSD is fully reserved and redeemable 1:1 for US dollars.

"The first stablecoin issued by a US national bank is a defining moment for the entire market. Regulated institutions are no longer watching digital assets from the sidelines but building on them.  I am proud to partner with SoFi to become the first exchange to list SoFiUSD." - Tom Farley, CEO of Bullish.

"We launched SoFiUSD to give people a trusted way to access digital dollars backed by the strength and oversight of a U.S. national bank. Seeing it listed on Bullish is an exciting milestone because it helps bring SoFiUSD to a broader audience and expands how it can be used across the digital asset ecosystem. We're looking forward to working with Bullish to help make regulated, transparent stablecoins more accessible to both institutional partners and members." - Anthony Noto, CEO of SoFi

SoFiUSD trades on Bullish's central limit order book, a high-performance matching engine integrated with proprietary automated market making. This combined model operates independently of external price feeds and oracles. Bullish's AMM generates thousands of bids and offers from liquidity unique to the platform, sustaining depth across varying market conditions. The structure is designed to reduce slippage and keep spreads tight for institutional customers.

Bullish recorded $30B billion in total spot trading volume in May 2026 and operates under licenses and registrations from leading regulators, including the New York State Department of Financial Services, Germany's BaFin, the Hong Kong Securities and Futures Commission, and the Gibraltar Financial Services Commission. In the United States, Bullish US Operations LLC is regulated by the NYDFS and registered as a money services business with FinCEN, and Bullish Europe is regulated under MiCAR, giving institutional customers a regulated venue to access SoFiUSD.

Eligible customers interested in trading on Bullish can contact [email protected]. Visit bullish.com/legal for important information and risk warnings.