SoFi Technologies and Payward, the parent company of crypto exchange Kraken, announced a strategic partnership on September 3. The deal gives Kraken access to SoFi’s Exchange Network for 24/7 real-time USD settlements and lists SoFiUSD on the Kraken platform. SoFiUSD, issued directly by SoFi Bank, is one of the few stablecoins backed by a nationally chartered US bank. SoFi’s nearly 15 million members will now be able to trade crypto through Kraken’s infrastructure. The financial terms of the partnership were not disclosed.
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