DeFi● Neutral

SoFi's Bank-Issued Stablecoin Now Live on Polygon, Ethereum and Solana

TradingGain Newsroom·1d ago·12 Nov 2026, 14:01 UTC

SoFiUSD, a stablecoin from a U.S. national bank, is now live on Polygon's Open Money Stack. It also runs on Ethereum and Solana. For traders, it shows a bank-issued digital dollar expanding across several major blockchains.

ETHAt the time of writing, Ethereum traded at $2,010 (-1.91% in 24h).Live price →

Why it matters

SoFiUSD is described as the first stablecoin issued by a U.S. national bank.
It now operates on Polygon's Open Money Stack alongside Ethereum and Solana.
Wider multi-chain availability may matter for traders watching stablecoin liquidity and payment rails.

What to watch next

Watch for any further regulatory decisions on bank-issued stablecoins and whether SoFiUSD adoption grows across these networks.

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This brief is written by TradingGain from public reporting by Decrypt.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.