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SoFi Technologies has made SoFiUSD available to its nearly 15 million members, becoming the first U.S. national bank to offer a bank-issued stablecoin directly inside a banking application. SoFi Opens SoFiUSD to 15 Million Users, Targets Cross-Border Transfers and Bullish Listing The San Francisco-based company announced the launch on May 27, giving members the ability … Read more
XRP deposits have been enabled on SoFi, expanding regulated crypto access for U.S. retail users. The move places the asset within a national chartered bank platform, while Ripple highlighted closer links between traditional finance and digital asset markets. Key Takeaways: XRP gains regulated access as deposits go live on SoFi’s platform. SoFi expands crypto offerings … Read more
On Thursday, SoFi Technologies launched SoFi Big Business Banking, a platform that lets enterprises hold deposits, move money, and settle transactions in fiat and crypto around the clock from a single nationally chartered bank. SoFi Launches Big Business Banking With 24/7 Fiat and Crypto Settlement for U.S. Enterprises SoFi Technologies (Nasdaq: SOFI) made the announcement … Read more
SoFi Technologies and Mastercard revealed Tuesday that they will enable settlement using SoFiUSD across Mastercard’s global payments network, marking a new step in the integration of regulated U.S. dollar stablecoins into mainstream card infrastructure. OCC-Regulated SoFi Bank Launches Stablecoin Settlement With Mastercard The partnership will allow issuers and acquirers to settle card-based transactions using SoFiUSD, … Read more
Cathie Wood’s ARK has been actively accumulating shares of SoFi, which announced plans to terminate crypto services by the end of 2023. Go to Source
“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote. Go to Source
The San Francisco-based fintech company now supports Binance.US, Gemini, Robinhood and SoFi accounts. Go to Source Powered by WPeMatico
Bitcoin billionaire Palihapitiya will use earnings from the sale to fund other “future-shaping technologies” for his venture firm. Go to Source Powered by WPeMatico
Figure Technologies brings its valuation to $3.2 billion with a new round of funding. Go to Source Powered by WPeMatico
The new bank will be subject to heightened scrutiny from the OCC for at least three years. Go to Source Powered by WPeMatico