SoFi’s Bank-Issued Stablecoin SoFiUSD Goes Live on Polygon, Its Third Blockchain

SoFiUSD , the dollar stablecoin issued by SoFi Bank , is now live on Polygon , making the network the token’s third blockchain after Ethereum and Solana, Polygon Labs said in a press release on Thursday. SoFi members can buy, sell, hold and convert SoFiUSD on Polygon inside the SoFi app, with no separate crypto wallet and no manual bridging of tokens between networks, according to the release. SoFi reported 17.1 million members at the end of September. Get Unchained’s crypto news in your inbox with the free Unchained Daily newsletter . A Bank-Issued Dollar SoFi describes SoFiUSD as “the first stablecoin issued by a U.S.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to Unchained.