Search results for SoFi Technologies
Crypto
NYSE secures entry to crypto market with Blockchain.com to pursue tokenised stocks
The New York Stock Exchange and crypto exchange Blockchain.com signed a memorandum of understanding to pursue listings of tokenised stocks, Bitcoin Magazine reported. If regulators approve, Blockchain.com users could trade tokenised versions of U.S.-listed stocks and ETFs on an NYSE digital alternative trading system under preparation. Blockchain.com said the link could expand access for its global users. NYSE executives highlighted combining traditional finance trust with digital asset accessibility.
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.
Crypto
Mastercard, SoFi team up to introduce stablecoin in card settlement process
Mastercard has begun a test to introduce stablecoins into the settlement process that follows card payments. It is working with U.S. financial services company SoFi Technologies to settle card transactions using a regulated digital dollar, SoFiUSD. The pilot keeps the consumer payment experience unchanged and applies blockchain-based assets only to the interbank settlement stage. SoFi Bank plans to settle Mastercard credit and debit transactions in SoFiUSD, supported by Galileo Financial Technologies.
