On November 12, 2026, TechFlow reported, citing a Polygon announcement, that SoFiUSD had launched on Polygon. The U.S. dollar stablecoin is issued by SoFi Bank, a U.S. national bank, and was already supported on Ethereum and Solana.
According to Polygon, SoFi’s more than 17 million members can buy, sell, hold and exchange SoFiUSD through the SoFi App. Each token is redeemable for one U.S. dollar through SoFi Bank. SoFiUSD has also been integrated into Polygon Open Money Stack for business settlement.