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58CRYPTO

SoFi and Kraken's parent company partner to link banking and crypto services

⚡ Markets: Represents a significant step in integrating crypto infrastructure with traditional banking rails, potentially improving efficiency and liquidity for both sectors. Positive for SoFi and Kraken's market positioning.SOFI

SoFi and Payward, the parent company of crypto exchange Kraken, have announced a partnership. The deal will list a SoFi-issued stablecoin on Kraken and give Kraken access to SoFi's 24/7 dollar settlement network, further blurring the lines between traditional finance and digital assets.

West MSM: noneFinancial press 41 country
4 sources across the spectrum
Financial pressCointelegraph — Kraken parent Payward partners with SoFi on stablecoin, 24/7 settlement
Financial pressCoinDesk — SoFi, Kraken tie up as crypto and banking push into each other's turf
Financial pressThe Block — SoFi, Payward agree to link banking network with Kraken infrastructure
Financial pressDecrypt — SoFi Links Banking Network and Stablecoin to Kraken in New Deal
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