SoFi has launched SoFi Big Business Banking, a new platform enabling companies to manage both traditional and crypto assets seamlessly. The service allows firms to hold U.S. dollars, convert them into stablecoins, and transfer funds around the clock within SoFi's regulated bank. This initiative aims to streamline operations for businesses that currently rely on multiple providers for cash, stablecoins, and custody services.
The platform features SoFiUSD, a stablecoin directly tied to SoFi's regulated balance sheet, and utilizes blockchain networks like Solana for transactions. Early partners include major crypto firms such as Cumberland, Wintermute, Galaxy, BitGo, and Bullish. By integrating traditional banking with blockchain infrastructure, SoFi seeks to reduce intermediaries and enhance global money movement efficiency.
SoFi Unveils 24/7 Banking Platform for Traditional and Crypto Assets
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