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Mastercard praises Ripple\'s RLUSD at XRPL hackathon

Mastercard publicly gave a positive assessment of Ripple’s stablecoin RLUSD at an XRP Ledger hackathon held in New York. Blockchain outlet U.Today reported that Mastercard representatives reacted favorably while outlining partner pitch requirements. An XRPL community member posted that Mastercard praised RLUSD during the session. The 36-hour event focused on autonomous payments using AI agents and included more than $40,000 in prizes, with several firms involved in mentoring and judging.

Crypto

SoFi launches SOFIE tokenised deposit offering 4.4 percent annual yield

Fintech firm SoFi has launched SOFIE, a tokenised deposit product offering a 4.4 percent annual return. The product issues bank deposits in token form while maintaining deposit insurance coverage and allows users to convert holdings into SoFiUSD, a dollar-linked stablecoin, for cryptocurrency trading. SOFIE deposits are insured by the FDIC up to $250,000 per depositor by account ownership type, while SoFiUSD is not FDIC-insured.

Crypto

Navra raises $19 million Series A to bring traditional finance capital to blockchain

Navra, a fintech led by Mike Cagney, a co-founder of Figure and SoFi, raised $19 million in a Series A funding round. The company said Ribbit led the investment. Navra said its app lets individual and institutional investors access multiple blockchain exchanges, yield products and payment networks. It also offers self-custody without managing complex crypto keys and provides AI agents and enterprise controls.