MarketPR
SoFiUSD is headed to Kraken as part of a deal that also connects Payward, the exchange's parent company, to SoFi's 24/7 dollar settlement network.
The arrangement hands SoFi access to digital asset liquidity through Kraken Prime. The settlement component carries the operational weight.
Dollar clearing that runs around the clock matters for a crypto exchange whose order book does not pause for banking hours, and Payward gains a settlement link through this deal that matches the markets it serves.
SoFiUSD reaching Kraken is the on-chain piece. The stablecoin gains distribution through an established crypto venue, while SoFi gains a line into digital asset liquidity through Kraken Prime.
Keep reading