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Project Overview
SoFi is a one-stop digital financial platform that provides comprehensive financial services to individuals and businesses, including student and personal loans, home loans and refinancing, credit cards, bank accounts, investments, insurance, and a B2B fintech platform.
Robinhood, MetaMask, and Others Join the OTL Initiative: Attempting to Solve the "Missing Coordination Layer" Problem for On-Chain Finance
: Multiple institutions including Robinhood, MetaMask, and eToro, along with Fireblocks, Checkout.com, Cross River Bank, Securitize, Wintermute, and others, jointly announced their participation in the "Open Transaction Layer (OTL)" initiative, aimed at establishing a unified transaction coordination protocol layer for on-chain finance.OTL is positioned as an open protocol stack for coordinating identity verification, compliance validation, transaction messaging, and execution processes among wallets, institutions, and AI agents, addressing the integration fragmentation problem currently plaguing cross-institutional interactions in on-chain finance, where entities operate in silos.The current coalition members include payment companies, trading platforms, wallets, market makers, and custody and stablecoin infrastructure providers, including Robinhood, MetaMask, eToro, MoonPay, SoFi, Wintermute, among others, as well as foundations from multiple public chains such as TON, Solana, Stellar, and Polygon. (Financefeeds)
SoFi Deploys Stablecoin on Solana, Emphasizing Low-Cost and High-Efficiency Settlements
SoFi Technologies has announced the expansion of its stablecoin, SoFiUSD, to the Solana network, attracted by its low costs, high throughput, and rapid settlement capabilities.Launched in 2025 as a fully reserved US dollar-pegged stablecoin, SoFiUSD was initially deployed on Ethereum, designed to provide banks, fintech companies, and enterprises with near real-time settlement infrastructure available 24/7.As the regulatory framework gradually becomes clearer, banks and financial institutions are accelerating their entry into the stablecoin赛道, competing with major issuers such as Tether and Circle.
Payward Teams Up with SoFi to Launch Stablecoin-Enabled 24/7 USD Settlements
According to Cointelegraph, Kraken's parent company Payward has partnered with SoFi to integrate the SoFiUSD stablecoin on the Kraken platform and establish a 24/7 USD settlement channel.
SoFi与 Kraken 达成合作，打通传统银行与加密市场基础设施
据 CoinDesk 报道，数字银行 SoFi 与加密交易所 Kraken 宣布达成合作。Kraken 母公司 Payward 将加入 SoFi 的24/7 美元结算网络（SEN），支持机构客户全天候转移美元、管理流动性；Kraken 同步上线 SoFi 发行的银行稳定币 SoFiUSD，SoFi 则引入 Kraken Prime 作为其平台加密交易的额外流动性来源。双方表示，未来合作或将延伸至支付、国库、借贷等数字资产服务领域。
SoFi Q2 crypto trading revenue increased 10% QoQ to $134.3 million
According to The Block, SoFi's crypto trading revenue in the second quarter increased 10% quarter-over-quarter, reaching $134.3 million, with net income of approximately $1.2 million after deducting $133.1 million in transaction costs. Meanwhile, SoFi's stablecoin SoFiUSD has begun processing 24/7 business payments through its business banking platform Big Business Banking, and went live for retail users in May, supporting buying, selling, holding, and exchanging on Ethereum and Solana.
Bitget Stock Perpetual Contracts List SHAZ, SOFI, PENG
Odaily Odaily reports, according to official announcements, Bitget has listed three stock perpetual contracts: SHAZ (SharonAI), SOFI (SoFi Technologies), and PENG (Penguin Solutions).These contracts are settled in USDT, support up to 20x leverage, and offer 7×24 trading. As of now, Bitget stock contracts support a total of 246 underlying assets.
Bybit Today Lists Perpetual Contracts for SOFI, PANW, and PENGSTOCK US Stocks
Bybit today added three US stock perpetual contracts: SoFi Technologies (SOFIUSDT), Palo Alto Networks (PANWUSDT), and Penguin Solutions (PENGSTOCKUSDT), with a maximum leverage of 20x. At the time of listing, limited-time fee discounts are available: 0% fee for limit orders and 50% off for market orders.
Binance Will Launch SHAZ and Other USDT-Margined TradFi Perpetual Contracts
According to the official announcement, Binance will launch multiple USDT-margined TradFi perpetual contracts today, including SHAZUSDT (09:00 UTC), SOFIUSDT (09:05 UTC), PANWUSDT (09:10 UTC), and PENGUSDT (09:15 UTC) perpetual contracts, with US stocks SharonAI Holdings, SoFi Technologies, Palo Alto Networks, and Penguin Solutions as the underlying assets, supporting up to 25x leverage and 24/7 trading.
Related news
Apollo Chief Economist Warns: AI Agents May Trigger a "Slow-Motion Bank Run"
Apollo Chief Economist Torsten Slok has warned that as AI agents begin autonomously managing household finances, they may shift low-interest demand deposits into higher-yield accounts, potentially triggering a "slow-motion bank run." Slok stated that the average interest rate on U.S. demand deposits is currently only about 0.1%, while platforms such as Revolut, SoFi, Varo, LendingClub, and Wealthfront offer deposit APYs ranging from 3.3% to 5%.If households broadly adopt AI agents to automatically optimize cash yields, banks could lose the low-cost deposits used to fund lending, posing risks to the financial system. Slok also noted that AI agents can monitor balances in real time, compare yields across different institutions, and automatically move idle funds. (CoinDesk)
SoFi Moves Its Over $25 Billion Annual Card Business to SoFiUSD Settlement
Odaily reports: Digital bank SoFi has begun settling debit and credit card transactions with Mastercard through the stablecoin SoFiUSD, and plans to migrate its entire card business to the system. The card business is expected to process over $25 billion in annualized transaction volume.SoFi stated that cardholders can continue to use their cards as usual, with on-chain settlement occurring in the background to accelerate transaction settlement. The arrangement does not remove intermediaries such as Mastercard and banks from the card settlement process, but instead provides an alternative blockchain-based settlement channel. (Cointelegraph)
Payward Teams Up with SoFi to Launch Stablecoin-Enabled 24/7 USD Settlements
According to Cointelegraph, Kraken's parent company Payward has partnered with SoFi to integrate the SoFiUSD stablecoin on the Kraken platform and establish a 24/7 USD settlement channel.
SoFi与 Kraken 达成合作，打通传统银行与加密市场基础设施
据 CoinDesk 报道，数字银行 SoFi 与加密交易所 Kraken 宣布达成合作。Kraken 母公司 Payward 将加入 SoFi 的24/7 美元结算网络（SEN），支持机构客户全天候转移美元、管理流动性；Kraken 同步上线 SoFi 发行的银行稳定币 SoFiUSD，SoFi 则引入 Kraken Prime 作为其平台加密交易的额外流动性来源。双方表示，未来合作或将延伸至支付、国库、借贷等数字资产服务领域。
SoFi Q2 crypto trading revenue increased 10% QoQ to $134.3 million
According to The Block, SoFi's crypto trading revenue in the second quarter increased 10% quarter-over-quarter, reaching $134.3 million, with net income of approximately $1.2 million after deducting $133.1 million in transaction costs. Meanwhile, SoFi's stablecoin SoFiUSD has begun processing 24/7 business payments through its business banking platform Big Business Banking, and went live for retail users in May, supporting buying, selling, holding, and exchanging on Ethereum and Solana.
Bitget Stock Perpetual Contracts List SHAZ, SOFI, PENG
Odaily Odaily reports, according to official announcements, Bitget has listed three stock perpetual contracts: SHAZ (SharonAI), SOFI (SoFi Technologies), and PENG (Penguin Solutions).These contracts are settled in USDT, support up to 20x leverage, and offer 7×24 trading. As of now, Bitget stock contracts support a total of 246 underlying assets.