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Crypto

Payward partners with SoFi to add SoFiUSD on Kraken

Payward, the parent company of cryptocurrency exchange Kraken, is partnering with U.S. fintech firm SoFi to strengthen stablecoin and round-the-clock dollar payments infrastructure. Payward plans to list SoFi’s dollar-pegged stablecoin SoFiUSD on Kraken and join the SoFi Exchange Network for real-time payments. The tie-up will allow Kraken’s institutional and corporate clients to settle U.S. dollar transactions 24/7 and may expand into qualified digital asset custody services.

Crypto

Falcon Finance and SoFi launch dollar stablecoins targeting institutions and retail users

Falcon Finance and SoFi have launched U.S. dollar stablecoin products linked to U.S. banking infrastructure. Falcon Finance introduced the institutional-focused fUSD through Anchorage Digital Bank’s federally regulated issuance platform, with reserves held in short-term U.S. Treasuries, cash and Treasury-backed repos. SoFi unveiled SoFiUSD for retail users inside its app, supporting transfers on Ethereum and Solana and planning additional features in coming weeks.

Crypto

SoFi expands SoFiUSD stablecoin to Solana

SoFi Technologies will issue its SoFiUSD stablecoin on the Solana blockchain in addition to Ethereum, The Block reported on Monday. Ben Reynolds, SoFi’s head of corporate finance, said the company chose Solana as a chain suitable for payments, citing costs, payment speed and processing capacity. SoFi launched SoFiUSD, issued by SoFi Bank, on Ethereum in December and later expanded a partnership with Mastercard to use it as a global payment-network settlement currency.