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SoFi Links Banking Network and SoFiUSD Stablecoin to Kraken Deal

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Sig3.39Sen+4.85Env+0.05Soc+1.87Gov+1.20

SoFi Technologies will link Kraken to its dollar settlement network and add its stablecoin, SoFiUSD, to Kraken. Through Kraken Prime, SoFi will use added liquidity for crypto trades in the SoFi app, and the firms say the setup could improve pricing for customers. Kraken will list SoFiUSD for retail, professional and institutional users, while SoFi Exchange Network supports U.S. dollar clearing and settlement outside banking hours. Qualified custody could be added later.

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