BSCN(@BSCNews):Monad Lands SoftBank-Backed Stablecoin SoFiUSD is now available on Monad (@monad) through BitGo (@BitGo), expanding the stablecoin’s reach across crypto markets. The dollar pegged asset is issued by SoFi Bank and can be redeemed 1:1 for U.S. dollars. It was the first stablecoin issued by a U.S. nationally chartered bank on a public blockchain. BitGo is providing infrastructure and supporting distribution through its Stablecoin as a Service platform.

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2026.08.26 07:34

Monad Lands SoftBank-Backed Stablecoin SoFiUSD is now available on Monad (@monad) through BitGo (@BitGo), expanding the stablecoin’s reach across crypto markets. The dollar pegged asset is issued by SoFi Bank and can be redeemed 1:1 for U.S. dollars. It was the first stablecoin issued by a U.S. nationally chartered bank on a public blockchain. BitGo is providing infrastructure and supporting distribution through its Stablecoin as a Service platform.