As reported by Foresight News on November 12, 2026, at 22:02 (UTC+8), citing a Polygon blog post, SoFi’s stablecoin SoFiUSD was available on Polygon and had joined the Polygon Open Money Stack.
SoFi users could buy, sell, hold and exchange SoFiUSD directly in the SoFi app without setting up a separate wallet. Each SoFiUSD was redeemable for one U.S. dollar through SoFi Bank.
Polygon said users would later be able to make cross-border transfers around the clock. It also said eligible users would be able to exchange SoFiUSD for an interest-bearing tokenized deposit. That proposed feature concerns a different product; the report did not say that holding SoFiUSD itself earns interest.