SoFi Reinvents Cross-Border Payments With Blockchain and Stablecoins
Fintech giant SoFi (SOFI) has announced plans to launch international remittance services using blockchain networks and stablecoins, marking a major step forward in its digital asset strategy. The move promises to offer 24/7 cross-border transfers that are faster, cheaper, and more accessible than traditional banking methods.
Users will be able to send U.S. dollars or supported stablecoins abroad, with well-known blockchain platforms facilitating the transactions. Recipients can receive funds quickly, converted to local currencies, and deposited into their accounts with minimal delay.
SoFi expects this model to significantly reduce costs compared to wire transfers or bank-based remittances, solving a long-standing issue for millions relying on international money transfers.
Crypto Services Return to SoFi in 2025
In addition to its remittance rollout, SoFi plans to relaunch its crypto trading services later this year. Users will again be able to buy, sell, and hold major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH).
The upcoming crypto suite may also include:
- Staking opportunities for ETH and other assets
- Crypto-backed borrowing for increased liquidity
- Blockchain infrastructure services via SoFi’s Galileo platform for enterprise clients
This re-entry into the digital asset market comes after SoFi paused its crypto operations in 2023 to obtain a banking license under a regulatory environment that was then more hostile to crypto.
Regulatory Support Spurs Strategic Expansion
Recent guidance from the Office of the Comptroller of the Currency (OCC) has opened doors for nationally chartered banks to offer crypto custody and stablecoin services. SoFi is capitalizing on this shift under the current U.S. administration to reintegrate digital assets into its broader fintech ecosystem.
CEO Anthony Noto emphasized that blockchain and digital assets are redefining the future of financial services, adding:
“We’re accelerating our efforts to give members more choice and more control, whether they’re investing, sending money across borders, or planning for their future.”
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.