U.S. Licensed Bank SoFi Expands Stablecoin SoFiUSD to Polygon

U.S. Licensed Bank SoFi Expands Stablecoin SoFiUSD to Polygon

2026-11-12 22:04

ChainThink news: On November 12, according to The Block, SoFi's stablecoin SoFiUSD has been launched on the Polygon Open Money Stack.

SoFi users can buy, hold, and exchange SoFiUSD on Polygon via the SoFi App without requiring a separate wallet or manual cross-chain operations.

SoFiUSD is issued by SoFi Bank, a national bank regulated by the U.S. Office of the Comptroller of the Currency (OCC), and is redeemable for USD at a 1:1 ratio.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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