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SoFiUSD
SOFID#129
$0.999016-0.02%
SoFiUSD (SOFID) trades almost exactly at one U.S. dollar, currently quoted at $0.999083. Behind that flat price sits a market capitalization of $310,335,688 — enough to earn the coin market cap rank 120 — while reported 24-hour trading volume comes in at $263,006. In short: a sizable asset by valuation, but a quiet one by daily turnover.
Any SoFiUSD analysis August readers pick up should start with that mismatch. A market cap above $310 million looks substantial, yet a 24-hour volume in the low hundreds of thousands suggests actual trading is concentrated in a narrow slice of the market. Market cap measures size; volume measures how much of that size actually changes hands. The distinction matters for entries, exits, and price execution — the price you truly get when your order fills — particularly once order sizes exceed typical retail trades.
The near-dollar quote is a defining market characteristic of SOFID, but it remains a live market price, nothing more. This SoFiUSD report rests on what can actually be observed: price, market cap, ranking, and volume. Before trading, check live liquidity and spreads (the gap between the best buy and sell offers) rather than trusting the headline price alone. That step carries extra weight when 24-hour volume is this modest.
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What is SoFiUSD? A quick explainer
SoFiUSD (SOFID) is a crypto asset trading close to $1, with a market cap of about $310.3 million. Its 24-hour volume is much smaller than its market cap, so liquidity and spreads are worth checking before a trade.
Security check
Smart contract risk scan — checks for honeypots, hidden taxes and more.
Clear bullish / neutral / bearish signal based on market data, on-chain security and macro signals.
Analysis from September 8, 2026
This analysis is refreshed automatically in the background.
Rating
Bearish78% confident
Confidence
Summary
SoFiUSD is changing hands at $0.999757, holding almost exactly to its intended one-dollar peg. Price has edged just +0.00742% higher in the past 24 hours, with +0.1% moves over both the seven- and 30-day windows — in other words, no meaningful trend in either direction. Broader sentiment is a different story: the crypto Fear & Greed Index sits at 69, in Greed territory, up from 63 a week ago, signaling stronger risk appetite even after cooling from a weekly high of 74. But that upbeat mood doesn't offset SoFiUSD's weak fundamentals. Its trust score is a low 35, the contract is upgradeable, and reported ownership concentration is extreme — a single holder, with the top ten addresses controlling 100% of supply. The steady price is a plus on its own, but with no visibility into on-chain flows, developer activity, or token-unlock schedules, judging this stablecoin's long-term resilience is genuinely difficult. This is investment research (MiFID II Del. Reg 2017/565 Art. 36), not investment advice.
📰 Current News & Events
No current news is available on SoFiUSD, so there's no specific event or headline to tie to its recent price action. With the news cupboard bare, more weight naturally falls on price stability, contract security, and ownership structure as the key factors to watch rather than any event-driven catalyst.
📈 Price Movement Analysis
At $0.999757, SoFiUSD sits right where a USD-pegged stablecoin should — a hair under one dollar. The 24-hour move of +0.00742%, alongside +0.1% over both the week and the month, is essentially noise around the peg rather than a directional signal. Price also remains close to its all-time high of $1.002, recorded August 7, 2026. Without news or on-chain transaction data to draw on, there's no clear catalyst behind even these small wobbles.
Strengths
✅Price has stayed close to one dollar, with only minor changes over the past day, week, and month — a sign the peg mechanism is currently doing its job.
✅The contract is open source, so its code is available for public inspection, and it hasn't been flagged as a honeypot (a mechanism designed to trap user funds), which is a reassuring baseline check.
✅The contract is reported as non-mintable, meaning it lacks a standard function to create new tokens on demand. That closes off one obvious route to unexpected supply expansion, though maximum-supply data isn't available to confirm the full picture.
Risks
⚠️The smart-contract trust score is just 35, pointing to real security or structural weaknesses — a serious concern for any token whose entire purpose is holding a stable value.
⚠️Ownership concentration is about as extreme as it gets: one reported holder, with the top ten addresses controlling 100% of supply. That level of concentration means heavy reliance on very few parties and raises real questions about distribution and who's actually in control.
⚠️SoFiUSD runs on a proxy contract, meaning administrators can potentially upgrade its underlying logic. Upgradeability isn't inherently bad, but it does mean trusting whoever holds those permissions.
⚠️Several key data points are simply missing: developer activity, social metrics, on-chain flows, token-unlock schedules, maximum supply, and transaction-tax details. DeFi deposit data is also unavailable or not applicable. None of this absence proves a problem — but it does mean these areas can't be properly evaluated right now.
📊 Macro context
The Fear & Greed Index — a widely used gauge of crypto market sentiment — reads 69, labeled Greed, reflecting broadly optimistic risk appetite. It's climbed from 63 to 69 over the past week, though the pullback from a weekly peak of 74 suggests enthusiasm has cooled slightly; a reliable 90-day comparison isn't available. On the macro side, the Federal Funds Rate holds steady at 3.63%, while annual inflation has eased from 3.73% to 3.54% — a somewhat more supportive backdrop for liquidity. Meanwhile the Dollar Index, which tracks the US dollar against major currencies, has ticked up from 118.36 to 118.75; a stronger dollar tends to weigh on demand across crypto markets generally. No information on current regulatory developments is available.
❓ Frequently Asked Questions
Is SoFiUSD a good investment right now?
The price is holding steady near one dollar, but structural risks outweigh that stability. A trust score of just 35, an upgradeable contract, and complete supply concentration among the top addresses are the standout concerns in this investment research (MAR Art. 3(35)).
Why isn't the SoFiUSD price moving much?
SoFiUSD is a USD stablecoin built to track one dollar, so its +0.00742% daily move and +0.1% weekly and monthly changes are just minor drift rather than a real trend. No current news or on-chain flow data exists to point to a separate catalyst.
What are SoFiUSD's biggest strengths and risks?
On the plus side: a stable price, open-source code, non-mintable status, and no honeypot flag. On the risk side: a low security trust score, extreme ownership concentration, an upgradeable contract, and missing data on development activity, transaction flows, and token unlocks.
SoFiUSD, a stablecoin designed to remain near $1, is trading at $0.999359 and has kept its price almost unchanged over the past month. The reported 24-hour change is -0.00004%, while the 7-day and 30-day changes are both 0%, indicating a stable dollar link rather than directional growth. The Fear & Greed Index is at 62, labeled Greed, but its 12-point decline from 74 over seven days shows that broader crypto enthusiasm is cooling. That supportive market mood is outweighed by SoFiUSD-specific concerns: the security trust score is only 35, the contract can be upgraded through a proxy, and reported token ownership is entirely concentrated among the ten largest addresses. For investors, the stable price is constructive, but limited transparency and concentrated control create a predominantly strained data picture.
Aug 23, 2026, 4:10 AM
BearishBearish · 84% confident
SoFiUSD is holding steady at $0.999608, sitting almost exactly at its intended $1 value, with barely any movement — just +0.1% over the past 24 hours, seven days, and 30 days. The broader crypto market feels upbeat: the Fear & Greed Index reads 66 (Greed), climbing from 31 just a week ago. But look past the sentiment and the coin-specific picture gets shakier. A security trust score of just 35, total ownership concentration in the largest addresses, and zero recorded GitHub development activity all raise flags. On-chain flows, token-unlock schedules, and recent news are all unavailable, which makes it hard to gauge supply pressure or real network usage. This coin analysis finds that while price stability is a plus, it's not enough to offset the concentration, contract, and development concerns surrounding SOFID.
