SoFiUSD launches on Polygon, expanding the OCC-regulated bank-issued stablecoin's reach across Ethereum, Solana and Polygon

SoFi's more than 17 million members can now buy, sell, hold and convert SoFiUSD on Polygon through the SoFi app, Polygon Labs said in a statement shared with The Block on November 12, 2026. The coin joins USDC, USDT and PYUSD on Polygon Open Money Stack, after Ethereum and Solana support. SoFiUSD is issued by SoFi Bank, N.A., an OCC-regulated national bank, and redeemable one-to-one for U.S. dollars. SoFi reported 503,000 crypto products at the end of the third quarter and $161.6 million gross crypto transaction revenue, up 20% from the prior quarter.

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