SoFi’s bank-issued SoFiUSD stablecoin goes live on Polygon payments stack

SoFi has launched SoFiUSD, described as the first stablecoin issued by a U.S. national bank, on Polygon's Open Money Stack, adding to its existing deployments on Ethereum and Solana. The move puts a bank-issued dollar token into a major payments and settlement environment, expanding the set of regulated stablecoins available to on-chain users. Traders may read it as incremental validation of bank-backed stablecoins and of Polygon's payments infrastructure, though the immediate price impact is likely modest.