Cryptocurrency3h ago
Kraken parent Payward partners with SoFi on stablecoin, 24/7 settlement
AI EXECUTIVE SUMMARY
Payward, the parent company of cryptocurrency exchange Kraken, has partnered with financial services firm SoFi to introduce SoFiUSD, a stablecoin, on Kraken's platform. The collaboration enables 24/7 dollar settlement through SoFi's network and provides SoFi with access to Kraken's digital asset liquidity services.
WHY IT MATTERS
This partnership expands the use of stablecoins in mainstream financial services, integrating cryptocurrency liquidity with traditional banking infrastructure.
The deal will bring SoFiUSD to Kraken, connect Payward to SoFiโs 24/7 dollar settlement network and give SoFi access to digital asset liquidity through Kraken Prime.
This story was originally reported by Cointelegraph. As an automated real-time news aggregator, NewsToolBar provides multi-perspective indexing and AI summarization while directing full readership directly to primary publisher sources.
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