BitGo Infrastructure Powers SoFi USD Stablecoin Expansion to Monad

SoFi USD, the dollar-pegged stablecoin issued by SoFi Bank, N.A., went live on the Monad blockchain in late August 2026, with BitGo providing the underlying infrastructure for the expansion. The integration makes Monad the third chain to host the token, after Ethereum and Solana, and extends the reach of the first stablecoin issued on a public blockchain by a US nationally chartered, FDIC-insured depository institution.

The deployment timeline is compact. SoFiUSD debuted on Ethereum on December 18, 2025. SoFi announced a partnership with BitGo covering infrastructure and distribution on March 5, 2026, adopting BitGo's Stablecoin-as-a-Service platform as the engine for multi-chain expansion. Solana support followed by April 2026, and the Monad integration was announced around August 25–26, 2026.

The launch was the subject of a recent BitGo podcast featuring Monad co-founder Keone, who discussed his path from high-frequency trading into crypto and walked through the SoFi USD launch on his network.

What does Monad bring to the table?

Monad is a performance-focused Layer 1 blockchain capable of processing more than 10,000 transactions per second through parallel execution. That throughput profile maps directly onto the use cases SoFi has outlined for the token: 24/7 settlement, business-to-business payments, and remittances. A chain that sustains five-figure transaction throughput removes the capacity constraint that has historically made high-volume payment corridors impractical on congested networks.

The token itself remains a conventional bank liability structure. SoFiUSD is redeemable 1:1 for US dollars, with cash reserves held primarily in SoFi Bank's Federal Reserve account and regular third-party attestations confirming the backing.

What does this change for practitioners?

For payment processors, exchanges and corporate treasuries, the Monad deployment means SoFiUSD is now accessible on a third, throughput-oriented execution environment. Operations that require predictable settlement performance — recurring B2B disbursements, remittance batching, around-the-clock settlement windows — gain a venue where gas and latency behavior are engineered for volume rather than for retail speculation.

For infrastructure teams, the BitGo relationship signals a repeatable pattern: a regulated bank issuing a token, with a qualified custodian handling the multi-chain plumbing. That division of labor lets the issuer focus on reserves, attestation and compliance while the infrastructure partner manages chain integrations.

The broader SoFi rollout

The Monad launch sits inside a wider product sequence. In May 2026, SoFi opened SoFiUSD access inside its member app, exposing the token to nearly 15 million SoFi members who can buy, sell, hold and convert it.

Card settlement went live by September 2026. Through a partnership with Mastercard, SoFi aims to channel more than $25 billion in annualized card volume into the SoFiUSD ecosystem — a figure comparable to the yearly throughput of a mid-tier card network, routed through a bank-issued token rather than legacy rails.

In October 2026, SoFi added a tokenized deposit product, giving the bank a second blockchain-based offering alongside the stablecoin.

The forward view

The sequence — Ethereum, Solana, Monad, then card settlement and tokenized deposits within twelve months — suggests the multi-chain footprint is a prerequisite for the payment volumes SoFi has targeted, not an end in itself. With $25 billion in annualized card volume pointed at the SoFiUSD ecosystem and a tokenized deposit product now live, the operational question for the year ahead is whether attestation, redemption and chain coverage scale in step with transaction throughput.