$ETH U.S. banks are starting to muscle in
Even the dollar is moving on-chain
USDT has a new competitor this time
Damn
Guys
Back when we used stablecoins
we basically just alternated between USDT and USDC
But now
even traditional banks can't sit still
SoFiUSD, the U.S. dollar stablecoin from U.S.-licensed bank SoFi,
has officially expanded to the Polygon network
It previously supported Ethereum and Solana
Now there's another chain it can run on
What the hell does this mean
SoFiUSD is issued by SoFi Bank
and redeemable for U.S. dollars at a 1:1 ratio
What's more interesting is