Bank of America-issued stablecoin SoFiUSD goes live on Polygon
TechFlow reports, on November 12, according to an official announcement from Polygon, the US dollar stablecoin SoFiUSD issued by SoFi Bank, a US national bank, has been launched on Polygon, joining the previously supported Ethereum and Solana networks.Polygon stated that over 17 million members of SoFi can buy, sell, hold, and redeem SoFiUSD through the SoFi App, with each token redeemable for USD at a 1:1 ratio via SoFi Bank. SoFiUSD has also integrated with the Polygon Open Money Stack for enterprise settlement.
TechFlow reports, on November 12, according to an official announcement from Polygon, the US dollar stablecoin SoFiUSD issued by SoFi Bank, a US national bank, has been launched on Polygon, joining the previously supported Ethereum and Solana networks.
Polygon stated that over 17 million members of SoFi can buy, sell, hold, and redeem SoFiUSD through the SoFi App, with each token redeemable for USD at a 1:1 ratio via SoFi Bank. SoFiUSD has also integrated with the Polygon Open Money Stack for enterprise settlement.
