SoFiUSD, a stablecoin issued by SoFi Bank and backed 1:1 by US dollars, has expanded to the high-speed Monad blockchain, joining Ethereum and Solana. This move, supported by BitGo's infrastructure, enables faster transactions with over 10,000 per second, enhancing use cases like 24/7 settlements and business payments. SoFi's broader rollout includes access for 15 million members, Mastercard card settlement, and a tokenized deposit product, signaling a growing blockchain-based financial ecosystem.
The launch of SoFiUSD stablecoin on Monad blockchain comes as 37 out of 50 major cryptocurrencies on Pluang rose today. For readers following the crypto market, here is Pluang's snapshot as of Nov 12, 2026 01:02 WIB: AVAX is priced at Rp156.479 with a 5.01% increase and 81% buy order activity, ADA at Rp3.235 up 3.95%, and FIL at Rp13.959 with 100% buy order activity.
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