SoFi Bank’s SoFiUSD stablecoin expanded to Monad in August, adding a third blockchain for the dollar-pegged token as BitGo supplied the infrastructure behind the deployment.
SoFiUSD launched on Ethereum in December 2025 and reached Solana by April 2026. The Monad integration followed in August 2026.
The rollout used BitGo’s Stablecoin-as-a-Service platform. The deployment followed a March 2026 partnership between SoFi and BitGo covering infrastructure and distribution.
Monad uses parallel execution and can process more than 10,000 transactions per second. SoFi Bank has identified round-the-clock settlement, business-to-business payments and remittances as uses for SoFiUSD.
Each SoFiUSD can be redeemed for $1. SoFi Bank holds most of the token’s cash backing in its Federal Reserve account, and third parties attest to the reserves regularly.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to [email protected].
