SoFi Rolls Out Stablecoin to 14.7M Members [Fintech Dose]
SoFi just plugged its bank-issued stablecoin, SoFiUSD, into the wallets of its 14.7 million members. It's a move that sounds simple, but promises to scramble the eggs of digital finance.
SoFi just plugged its bank-issued stablecoin, SoFiUSD, into the wallets of its 14.7 million members. It's a move that sounds simple, but promises to scramble the eggs of digital finance.
Georgia is stepping boldly into the future of finance with a lari-backed stablecoin, GEL₮, powered by Tether. This move signals a significant embrace of digital currency, but questions linger.
Mastercard just snagged a coveted BitLicense from New York's financial regulators. It's not just a piece of paper; it’s a powerful signal that the payments giant is serious about digital currencies.
Wholesale cross-border payments could be on the cusp of a radical transformation. A BIS-led project has just demonstrated that tokenization isn't just hype—it's a viable solution to the system's entrenched inefficiencies.
Europe's stablecoin ambitions just got a boost. Qivalis, a euro-pegged digital token, now boasts the support of a formidable 37 banks.
South Carolina is drawing a line in the sand. A new law officially bars state entities from touching central bank digital currencies while giving a thumbs-up to crypto mining operations.
Nium just collapsed months of engineering work into days. By connecting stablecoin balances directly to Visa and Mastercard through a single API, the payments platform is answering the question that's been quietly haunting enterprise crypto: how do you actually spend this stuff at scale?
The stablecoin arms race is accelerating, and major fintech players are placing their bets before the regulatory finish line moves. But the real question isn't whether stablecoins work—it's whether the rules will let them survive.