POL · 2026-11-12 14:08 UTC

SoFiUSD lands on Polygon Chain, bringing America's first bank-issued stablecoin to everyday use

SoFiUSD, the first stablecoin issued by a US national bank, is now live on the Polygon network, joining Ethereum and Solana as supported networks. SoFi's 17 million+ members can buy, sell, hold, and convert SoFiUSD inside the SoFi app, with each token redeemable one-to-one for US dollars through SoFi Bank. Planned features include 24/7 cross-border transfers and conversion into interest-earning tokenized deposits, with FDIC insurance applying to the underlying deposit account rather than the stablecoin.

Loading the story on Tree News…