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Crypto

SoFi and Kraken Unite Banking and Crypto Platforms

Guavy AI Editorial Team
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SoFi Technologies and Kraken's parent company Payward have formed a strategic partnership to integrate SoFi's banking infrastructure and stablecoin, SoFiUSD, with Kraken's crypto exchange platform.

This collaboration enables Kraken's institutional clients to access 24/7 real-time USD settlements, solving the traditional banking limitation of business hours.

SoFi's bank-issued stablecoin, SoFiUSD, will be listed on Kraken, offering a regulated, bank-backed stablecoin option to retail and institutional users.

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