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SoFi Doubles Down on Crypto: Blockchain Remittances & Stablecoins Return in Bold 2025 Play
SoFi Doubles Down on Crypto: Blockchain Remittances & Stablecoins Return in Bold 2025 Play
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Fintech giant SoFi just reignited its crypto ambitions—and Wall Street's watching closely. Their latest move? A blockchain-powered remittance system fueled by stablecoins, marking the platform's full-throated return to digital assets.
Why this matters: Traditional cross-border payments are slow, expensive, and stuck in the SWIFT stone age. SoFi's end-run around legacy systems could slash transfer times from days to seconds—while cutting out the usual banking middlemen (and their juicy fees).
The cynical take: After crypto winter froze SoFi's earlier efforts, this feels like a hedge against declining student loan revenues. But when stablecoins start moving at the speed of Venmo, even skeptics might need to adjust their spreadsheets.
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