SoFi is launching a 24/7 banking hub that blends traditional cash with crypto
CoinDesk
SoFi has introduced a 24/7 business banking platform allowing companies to manage traditional currency and stablecoins within a single regulated environment.Summary
SoFi has launched 'SoFi Big Business Banking', a platform designed to integrate traditional U.S. dollar banking with digital assets. The service enables companies to hold dollars, convert them into the bank-issued stablecoin SoFiUSD, and execute instant transactions 24/7. By utilizing blockchain networks like Solana, the platform aims to eliminate the inefficiencies of using multiple providers for cash and crypto, allowing firms to settle transactions and deploy capital without waiting for traditional banking delays. Early partners include major industry players such as Cumberland, Wintermute, and Galaxy.
(Source：CoinDesk)