SoFi taps BitGo to provide infrastructure for bank-issued stablecoin

SoFi has partnered with BitGo to develop the infrastructure for its bank-issued stablecoin, which aims to enhance the company's financial services offerings. The stablecoin will be backed by U.S. dollars and will be integrated into SoFi's existing platform, allowing for seamless transactions and improved user experiences. BitGo will provide custody and security services for the stablecoin, ensuring compliance with regulatory standards. This move reflects SoFi's commitment to expanding its cryptocurrency capabilities and leveraging blockchain technology in its financial products.

Read the full article: Coin Telegraph

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