SoFi Launches Big Business Banking Platform for Traditional Money and Crypto

SoFi has announced the launch of SoFi Big Business Banking, a platform that aims to simplify the management of traditional money and crypto for companies. The service allows firms to hold U.S. dollars and convert them into stablecoins, such as SoFiUSD, within SoFi's regulated bank.

The platform enables 24/7 deposits, conversions, and instant movement of funds on blockchain networks like Solana. This marks a shift towards merging traditional banking with blockchain-based infrastructure.