TREE NEWS update: SoFiUSD, the bank-issued stablecoin from SoFi, went live on Polygon, adding the network alongside Ethereum and Solana for the firm’s more than 17 million members. The expansion gives SoFi’s users another chain on which to access the stablecoin. SoFiUSD is issued by a bank, distinguishing it from many stablecoins in circulation.
SoFiUSD Stablecoin Goes Live on Polygon, Expanding Beyond Ethereum and Solana
Related Coin Charts
AI take
The notable detail is the issuer profile rather than the chain count: a bank-issued stablecoin reaching a large existing member base is a different distribution model from the crypto-native stablecoins that dominate circulation. Multi-chain support matters less as a technical milestone than as a signal that SoFi wants the token usable wherever its members already are. Whether a bank-issued token can translate a mainstream user base into genuine on-chain usage, rather than staying a closed-loop product, is the open question worth watching.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
1h ago
Huawei’s Yu Chengdong: Large Foldables Now Primary Phone for 10 Million Users
2h ago
Aave Executive Reports $39 Million in Liquidations
2h ago
XRP Falls to 89 Cents on Coinbase, Lowest Since November 2024
2h ago
Forward Industries Denies Link to $123M SOL Transfer
3h ago
Crypto Market Sheds $571 Billion in Ten Days as Selloff Deepens
4h ago
Bitcoin Slide Triggers $2.05B in Crypto Liquidations; Binance Nears $800M