Kraken and SoFi Team Up for 24/7 Stablecoin Settlements

Kraken parent company Payward is partnering with SoFi to introduce the SoFiUSD stablecoin to the exchange. This deal connects Kraken to the SoFi dollar settlement network, which operates around the clock. By bringing this stablecoin onto the platform, the companies hope to improve how users move money.

Institutional clients using Kraken Prime will also gain access to new digital asset liquidity from SoFi. This move aims to make trading more efficient by bridging traditional banking infrastructure with crypto markets.

This partnership shows how major finance firms are getting more comfortable with stablecoin technology. Investors should keep an eye on how this integration affects trading volume and liquidity for Kraken users in the coming months.