Get all your news in one place.
100's of premium titles.
One app.
Start reading
MarketBeat
MarketBeat
Business
Jeffrey Neal Johnson

SoFi Is Bypassing the Banking Bottleneck With Stablecoin Settlement

Legacy payment infrastructure acts as a toll booth on commercial capital. Every swipe, transfer, and settlement involves multiple intermediaries that extract fees and tie up liquidity in correspondent accounts. That friction creates an operational drag for businesses managing high-volume treasury flows. A structural shift is underway as modern digital rails integrate with traditional banking frameworks to streamline these processes.

SoFi Technologies, Inc. (NASDAQ: SOFI) bridged regulated commercial banking and real-time digital asset settlement by migrating its card program to a stablecoin-powered network. Operating under an Office of the Comptroller of the Currency national bank charter, SoFi Technologies is deploying SoFiUSD to bypass traditional clearinghouses.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.