🏦A U.S. NATIONAL BANKSBLECOIN NOW OPERATES ACROSS ETHEREUM, SOLANA AND POLYGON A major US financial technology company is expanding its blockchain payments infrastructure. SOFIUSD is now living on simplicity. The November 12th launch adds another blockchain to ETHEREUM and SOLANA. What makes it stable a different currency is the institution that issued it. SOFIUSD ISSUED BY SOFI BANK, N.A. It is a national bank registered by the Office of the Comptroller of the Currency. The Vircoin is intended to be redeemable for US dollars at a 1:1 ratio. But here's what makes the expansion particularly interesting. SoFi has more than 17 million MSPORT through its financial application. These users have already interacted with services involving savings, payments, loans and investment. Now eligible members can buy, sell, hold and convert SoFiUSD through the same app. The goal is to make blockchain-based dollars available without the need for regular customers to navigate complex cryptographic infrastructures. Polygon's payment infrastructures provide another network through which those dollars can move. The connection to Ethereum issues. SoFiUSD is becoming a MULTI-CHAIN ​​BANK-ISSUED STABLECOIN instead of remaining limited to a single blockchain environment. Businesses using the Polygon Open Money Stack can also integrate SoFiUSD alongside stablecoins such as USDC, USDT and PYUSD. This creates more options for payments, settlement and increasing dollar-denominated value between financial applications. SoFi and Polygon also outline future plans for international transfers and tie-ins for product imitations. But there is an important difference. SOFIUSD IS NO THING LIKE A FDIC-INSURED DEPOSIT. All deposit insurance applies to qualify the deposits of the underlying banks, not automatically to any stable market held in the wallet.

🏦A U.S. NATIONAL BANKSBLECOIN NOW OPERATES ACROSS ETHEREUM, SOLANA AND POLYGON A major US financial technology company is expanding its blockchain payments infrastructure. SOFIUSD is now living on simplicity. The November 12th launch adds another blockchain to ETHEREUM and SOLANA. What makes it stable a different currency is the institution that issued it. SOFIUSD ISSUED BY SOFI BANK, N.A. It is a national bank registered by the Office of the Comptroller of the Currency. The Vircoin is intended to be redeemable for US dollars at a 1:1 ratio. But here's what makes the expansion particularly interesting. SoFi has more than 17 million MSPORT through its financial application. These users have already interacted with services involving savings, payments, loans and investment. Now eligible members can buy, sell, hold and convert SoFiUSD through the same app. The goal is to make blockchain-based dollars available without the need for regular customers to navigate complex cryptographic infrastructures. Polygon's payment infrastructures provide another network through which those dollars can move. The connection to Ethereum issues. SoFiUSD is becoming a MULTI-CHAIN ​​BANK-ISSUED STABLECOIN instead of remaining limited to a single blockchain environment. Businesses using the Polygon Open Money Stack can also integrate SoFiUSD alongside stablecoins such as USDC, USDT and PYUSD. This creates more options for payments, settlement and increasing dollar-denominated value between financial applications. SoFi and Polygon also outline future plans for international transfers and tie-ins for product imitations. But there is an important difference. SOFIUSD IS NO THING LIKE A FDIC-INSURED DEPOSIT. All deposit insurance applies to qualify the deposits of the underlying banks, not automatically to any stable market held in the wallet.