SoFiUSD Expands to Polygon as SoFi Adds a Third Blockchain
SoFi members can now buy, hold and convert the bank-issued SoFiUSD stablecoin on Polygon, extending the token beyond Ethereum and Solana.
SoFi members can now buy, hold and convert the bank-issued SoFiUSD stablecoin on Polygon, extending the token beyond Ethereum and Solana. Ethereum (ETH) is trading at ₹1,88,797 ($2,011.65). This is an original Token Times brief based on reporting by Unchained, with live market data added, as of Thu, 12 Nov 2026 14:45:01 UTC.
The launch gives SoFiUSD access to a third blockchain environment and broadens the transaction paths available to SoFi members. Polygon’s $2.64 billion in locked value provides an established DeFi setting for the stablecoin, although SOFID’s verified supply remains below $321 million.
- SoFiUSD is now available on Polygon, its third supported blockchain
- Members can buy, hold and convert the token through the SoFi app
- Polygon TVL stands at $2.64 billion, down 5.4% over seven days
- SOFID supply is $320.95 million and its price remains near $1
- Polygon Labs Expands Open Money Stack to Solana for Enhanced Payment Solutions
- Polygon Expands Open Money Stack to Include Solana Integration
- Polygon Expands Stablecoin Payouts to Solana Network
- Polygon Expands Open Money Stack to Solana for Cross-Chain Stablecoin Payments
- Polygon Expands Banking Access for Solana Stablecoins
- SoFiUSD Expands to Polygon as SoFi Adds a Third Blockchain — this brief
Polygon Labs announced that 
SoFiUSD is now live on Polygon, adding a third blockchain to the stablecoin’s availability alongside 
Ethereum and 
Solana. The expansion gives SoFi members a new network on which to use the bank-issued token and follows its existing deployments in two other blockchain environments.
Unchained reports that the rollout is integrated into the SoFi app, where members can buy, hold and convert SoFiUSD. Decrypt describes the Polygon deployment as part of the Polygon Open Money Stack and identifies SoFiUSD as the first stablecoin issued by a U.S. national bank. These details complement rather than conflict with one another.
Both outlets corroborate the core development and the same three-chain footprint. Their framing differs: Unchained focuses on the practical functions available to SoFi members, while Decrypt highlights SoFiUSD’s status as a stablecoin from a U.S. national bank and names Polygon’s Open Money Stack. No material discrepancy in the launch date, supported networks or token mechanics appears in the supplied coverage.
Verified on-chain data from DeFiLlama puts Polygon’s total value locked at $2.64 billion, representing a 5.4% decline over seven days. SoFiUSD’s circulating supply stands at $320.95 million, offering a relatively small asset base compared with the value locked across the Polygon network. The token also retains support on Ethereum and Solana, both of which are part of the existing SoFi app environment.
Live market conditions are broadly weak. SOFID trades at $0.99896, up 0.01% over both 24 hours and seven days, with a market capitalization of $320.93 million. By contrast, Ethereum is down 2.37% over 24 hours and 16.00% over seven days, while Solana is down 4.08% and 14.61%, respectively. The total crypto market capitalization is $2.47 trillion, 
Bitcoin has fallen 1.89% in 24 hours, and the Fear & Greed index is 28, indicating a Fear reading. The launch adds another network for SoFiUSD adoption, while changes in supply, Polygon usage and the broader risk environment will determine how much activity the new deployment attracts.
Since this brief published about 45 minutes ago, Ethereum (ETH) has moved from ₹1,88,634.22$2,009.92 to ₹1,88,796.58$2,011.65 — +0.09%.
The chart plots ETH's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution; intraday detail builds over the first day). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 ETH ≈ ₹200,289.93 (about $2,011.65), down 2.1% over 24 hours. The rupee itself trades about 6.1% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the assets in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · November 12, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
SoFiUSD Expands to Polygon as SoFi Adds a Third Blockchain — questions & answers
Which blockchains now support SoFiUSD?
SoFiUSD supports Polygon, Ethereum and Solana. Polygon is the latest addition to its three-network footprint.
What can SoFi members do with SoFiUSD on Polygon?
According to Unchained, members can buy, hold and convert SoFiUSD on Polygon through the SoFi app.
How large is SoFiUSD’s current supply?
DeFiLlama reports a circulating supply of $320.95 million. SOFID’s live market capitalization is $320.93 million.
How much is 1 Ethereum worth in rupee today?
About ₹200,289.93 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $2,011.65. The rupee price moves with both ETH's US-dollar price and the USDT/INR rate; use our Ethereum in rupee page for any amount.
Has Ethereum's price moved since this brief was published?
ETH is up 0.09% since this brief first published — trading at ₹1,88,797 ($2,011.65) now versus ₹1,88,634 ($2,009.92) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Unchained. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.