🚀 SoFiUSD launches on Polygon’s payments infrastructure
On November 12, 2026, SoFi and Polygon announced that SoFiUSD, a dollar-pegged stablecoin issued by SoFi Bank, is now available on Polygon Open Money Stack. The token was already operating on the Ethereum and Solana networks.
The integration enables SoFiUSD to be used within Polygon’s transfer and settlement infrastructure. The token is designed to be redeemable one-to-one for US dollars, but it is not a bank deposit and is not FDIC-insured. This expands an existing product; it is not a promise of a future launch.
Source: Decrypt, November 12, 2026.
#Polygon #Stablecoins
On November 12, 2026, SoFi and Polygon announced that SoFiUSD, a dollar-pegged stablecoin issued by SoFi Bank, is now available on Polygon Open Money Stack. The token was already operating on the Ethereum and Solana networks.
The integration enables SoFiUSD to be used within Polygon’s transfer and settlement infrastructure. The token is designed to be redeemable one-to-one for US dollars, but it is not a bank deposit and is not FDIC-insured. This expands an existing product; it is not a promise of a future launch.
Source: Decrypt, November 12, 2026.
#Polygon #Stablecoins