SOFI TO LAUNCH BLOCKCHAIN REMITTANCES WITH STABLECOINS

Summary from the TLDR Crypto newsletter

SoFi will introduce international remittances over blockchain networks using US dollars and select stablecoins, enabling 24/7 transfers with rapid local‐currency deposits at a lower cost than traditional wires. The fintech company also plans to relaunch crypto trading for Bitcoin and Ethereum later this year, with future offerings like staking, crypto‐collateralized borrowing, and blockchain infrastructure services via its Galileo platform. CEO Anthony Noto's strategy follows SoFi's 2023 exit from digital‐asset services and utilizes new OCC guidance allowing national banks to provide crypto custody and stablecoin services.