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SoFi Doubles Down on Crypto: Blockchain Remittances & Stablecoins Make Explosive Return to Platform

SoFi Doubles Down on Crypto: Blockchain Remittances & Stablecoins Make Explosive Return to Platform

Author:
Coindesk
Published:
2025-06-25 19:41:28
13
3

SoFi to Launch Blockchain Remittances With Stablecoins as Crypto Returns to Platform

Fintech giant SoFi just reignited its crypto ambitions—with a blockchain-powered remittance play that could disrupt the $700B cross-border payments market.

Stablecoins take center stage

The platform's new infrastructure will leverage dollar-pegged tokens to slash transfer times from days to seconds. No more waiting for SWIFT confirmations while banks collect fat fees.

Crypto's comeback tour

After pausing digital asset services during the 2022 winter, SoFi's renewed embrace signals institutional confidence in the space. Traders get fresh on-ramps while the suits finally acknowledge what crypto natives knew all along.

Wall Street's worst nightmare?

When traditional finance starts eating its own lunch with blockchain efficiency, you know the revolution's gone mainstream. The only question now—which megabank will launch a 'proprietary stablecoin' next week to save face?

|Square

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