Monad Expands Stablecoin Infrastructure via BitGo and Portal Acquisition
Monad has added support for SoFiUSD through BitGo, extending the Layer 1 network’s stablecoin infrastructure with a dollar token issued by SoFi Bank. Monad said users can now access SoFiUSD on the network through BitGo, with the token designed to be redeemable 1:1 for U.S. dollars and backed primarily by cash reserves. The deployment gives […]