SoFi launches 24/7 banking hub blending cash and crypto

SoFi has introduced "Big Business Banking," a new platform designed for enterprises to manage both traditional fiat currency and cryptocurrencies within a single, regulated banking environment. This innovative service allows companies to hold U.S. dollars, convert them into stablecoins like SoFiUSD, and execute instant transactions on blockchain networks such as Solana, operating 24/7. The platform aims to streamline operations for businesses by eliminating the need for multiple intermediaries and reducing settlement times, which are often lengthy with traditional banking systems. Early partners, including major crypto firms like Galaxy and BitGo, are expected to leverage this integrated solution for more efficient transaction processing and liquidity management.