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SoFi expands its bank-issued stablecoin, SoFiUSD, to Polygon's Open Money Stack, joining USDC, USDT, and PYUSD. This move allows the company's 17 million members to buy and convert the token directly in the SoFi app without a separate wallet. Polygon has processed over $3 trillion in lifetime stablecoin transfer volume on the network.
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Summary by ByteBrief
Global Banks Commit $270 Million to Stablecoin