SoFi Bank's Stablecoin SoFiUSD Launches on the Polygon Network

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SoFi Bank’s stablecoin, SoFiUSD, is now live on the Polygon network, according to on-chain news. The token is already supported on Ethereum and Solana. SoFi members can buy, sell, hold, and redeem SoFiUSD through the SoFi app. The platform has over 17 million members using the app for savings, spending, borrowing, and investing. This rollout follows a recent network upgrade that enhanced Polygon’s capabilities.

PANews, November 12: SoFiUSD, a stablecoin issued by U.S. national bank SoFi Bank, is now live on the Polygon network, joining the previously supported Ethereum and Solana networks. SoFi members can directly buy, sell, hold, and exchange SoFiUSD within the SoFi app. Over 17 million SoFi members currently use the SoFi app for saving, spending, borrowing, and investing.

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