Sofi Bank US Dollar Stablecoin sofiusd Officially Deployed to Polygon Network
2026-11-12 22:25:21
According to CoinMeta, as disclosed on the official blog of Polygon, the US dollar-stabilized coin sofiusd issued by the national charter bank Sofi Bank has been officially deployed on the Polygon network. It previously supported Ethereum and Solana. Now, over 17 million users under Sofi can directly buy, sell, hold, and exchange sofiusd within the Sofi application. Each token can be redeemed for 1 US dollar through Sofi Bank. In addition, sofiusd has been synchronized with Polygon Open Money Stack's payment and settlement infrastructure, operating in parallel with USDC, USDT, and PYUSD.
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