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SoFi Launches Bank-Issued Stablecoin on Polygon Payments Infrastructure

(5 hours ago) · 1 source · Summarized by CryptoBipto

SoFi, a US-based digital financial services company, has integrated its bank-issued stablecoin with Polygon's payments stack. The move connects a regulated banking institution's stablecoin to blockchain-based payment infrastructure built on Polygon's network.

WHY IT MATTERS

A stablecoin is a type of cryptocurrency designed to maintain a steady value, usually pegged to the US dollar.

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SOURCES

  • decrypt.co

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POLStablecoinsTraditional Finance IntegrationPolygonDigital PaymentsBanking