SoFi launched Big Business Banking, an enterprise platform on Solana that combines traditional fiat banking with stablecoin services on a single regulated platform. The nationally chartered bank, which has 13.7 million members and over $50 billion in assets, is offering 24/7 payment support enabling companies to hold dollars, convert to stablecoins, and move money instantly. Initial participants include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments, and Mastercard.

The platform represents a significant integration of traditional banking infrastructure with blockchain technology, leveraging Solana’s network to enable real-time settlement for enterprise customers. The service allows participating firms to conduct both fiat and crypto operations within a regulated banking framework, eliminating the need for separate banking and crypto rails.

Sources: Solana (Official) | CoinDesk | The Block

This article was generated automatically by The Defiant’s AI news system from publicly available sources.