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SoFi Bank has introduced SOFIE, a tokenized deposit paying a variable 4.40% APY. The deposit is eligible for FDIC coverage up to specified limits and can be converted 24/7 into SoFiUSD for crypto purchases and transfers.
SoFi has launched SOFIE, a tokenized deposit paying 4.40% annual percentage yield. Each token represents $1 held at SoFi Bank, with applicable FDIC insurance, and can be converted one-to-one into the bank’s SoFiUSD stablecoin for blockchain-based use.
The American Bankers Association says the OCC’s finalized stablecoin rules may let issuers provide rewards that effectively resemble yield, weakening Congress’ intended distinction between payment stablecoins and bank deposits. Industry groups are divided ahead of the GENIUS Act’s January 2027 implementation.
Tether has led a pre-seed round in Peso, a Bolivian fintech that supports USDT payments through Yango food delivery, merchant tools and banking links. The funding will help Peso expand its stablecoin infrastructure across Bolivia, Brazil, Colombia and Argentina.
Treasury Secretary Scott Bessent compared the GENIUS Act’s new stablecoin framework with banking reforms enacted under Abraham Lincoln. The OCC’s rules cover reserves, redemptions and risk management, and are scheduled to take effect on Jan. 18, 2027.
Bitcoin-backed loans let holders borrow dollars or stablecoins without selling BTC, but falling prices can trigger margin calls and liquidation. The market has expanded since the 2022 lender failures, with banks and rated securitisations joining a sector where published rates remain elevated.
Real-world assets already support major stablecoin reserves, but DeFi borrowing against them mainly uses volatile variable-rate pools. O2O Capital Partners argues that fixed-rate, fixed-term loans could unlock institutional RWA leverage and potentially generate significant new demand.
Adjusted stablecoin transfers reached $891 billion in Q3 2026 after exchanges, infrastructure and automated activity were excluded, research commissioned by Coinbase found. The report also separately measured after-hours activity, with 73% of screened volume occurring outside U.S. banking hours.
The U.S. OCC finalized rules for payment stablecoin reserves, redemptions and certain custody activities under the GENIUS Act. The framework takes effect Jan. 18, 2027, while anti-money-laundering and sanctions requirements will be handled separately.
Shinhan Card and SBI-affiliated companies are studying yen-backed stablecoin payments between Japan and South Korea, including card-linked purchases, wallet transfers and trade settlement. The project remains experimental, with no token or commercial launch date confirmed.
The OCC has finalized rules governing stablecoin issuers under its supervision ahead of the GENIUS Act’s January 18, 2027 effective date. The framework covers reserves, redemption, risk management and oversight, while anti-money laundering and sanctions rules remain separate.
The OCC has finalized the first federal rule implementing the GENIUS Act, but it has not granted existing stablecoin rewards programs automatic protection. Exchanges will face case-by-case review as other U.S. regulators continue drafting related rules.
Shinhan Card, SBI VC Trade and SBI XDC Network APAC will test yen stablecoin card and wallet payments for travelers, alongside cross-border trade settlement and anti-money-laundering controls between South Korea and Japan.
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Kraken’s fee schedule shows an $80 difference on a $10,000 USDC-to-euro conversion: $100 through standard Instant Buy/Sell pricing versus $20 through an eligible USDC/EUR order book, before spreads, funding and payout costs.
Injective and South Korean custodian BDACS plan to use KRW1, a won-backed stablecoin, for institutional settlement of tokenized real-world assets. The initiative comes as Seoul develops legislation governing local-currency stablecoins and broader digital-asset markets.
