SoFi’s Bank-Issued Stablecoin SoFiUSD Goes Live on Polygon, Its Third Blockchain
By Unchained
AI summary of the source article
SoFi Bank’s dollar stablecoin, SoFiUSD, is now live on Polygon, its third blockchain following Ethereum and Solana. SoFi members can buy, sell, hold, and convert the token directly inside the SoFi app without a separate crypto wallet.
Why it matters
Plugging into Polygon’s Open Money Stack "lets a bank or fintech connect customer accounts to stablecoins and local currencies without stitching together multiple vendors."
Key facts
- SoFiUSD launched on Polygon, marking its third blockchain deployment after Ethereum and Solana.
- SoFi members can transact with SoFiUSD on Polygon inside the SoFi app without manual bridging or a separate wallet.
- The stablecoin plugs into Polygon’s Open Money Stack alongside PayPal USD, USDC, and USDT.
Source excerpt · Unchained
Polygon Labs says SoFi members can now buy, hold and convert SoFiUSD on Polygon in the SoFi app, which already supports the token on Ethereum and Solana. The post SoFi’s Bank-Issued Stablecoin SoFiUSD Goes Live on Polygon, Its Third Blockchain appeared first on Unchained .