BitGo powers launch of SoFi USD stablecoin on Monad

SoFi's bank-issued stablecoin adds Monad to its roster of blockchains, with BitGo handling the plumbing behind the expansion A stablecoin issued by a US national bank now lives on Monad . SoFiUSD, the dollar-pegged token from SoFi Bank, N.A., expanded to the high-throughput Layer 1 in August 2026, with BitGo providing the infrastructure underneath. That makes Monad the third stop on a fairly brisk road trip. The token started on Ethereum , picked up Solana along the way, and has now pulled into one of crypto’s newer performance-focused chains. The move was the topic of a recent BitGo podcast featuring Monad co-founder Keone. He discussed his path from high-frequency trading into crypto and talked through the SoFi USD launch on his network. SoFiUSD debuted on December 18, 2025, on Ethereum.

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