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 […]
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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 […]
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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 […]
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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, […]
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Cathie Wood’s ARK has been actively accumulating shares of SoFi, which announced plans to terminate crypto services by the end of 2023.
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“You can agree to have your account migrated to Blockchain.com or close your account instead,” the company wrote.
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The San Francisco-based fintech company now supports Binance.US, Gemini, Robinhood and SoFi accounts.
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Bitcoin billionaire Palihapitiya will use earnings from the sale to fund other “future-shaping technologies” for his venture firm.
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Figure Technologies brings its valuation to $3.2 billion with a new round of funding.
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The new bank will be subject to heightened scrutiny from the OCC for at least three years.
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