The new service lets companies hold dollars, convert to stablecoins and move money instantly within a regulated bank.
SoFi announces 24/7 banking hub that blends traditional cash with crypto
The new service lets companies hold dollars, convert to stablecoins and move money instantly within a regulated bank.
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The card doesn't require preloading funds or custodial services, and carries a 2% fee on currency conversions, with no IOF tax for Brazilian users.
A sharp market pullback has exposed which BTC-focused public companies can actually execute, and which were never built for volatility.
The attack on Bybit in February, which saw nearly $1.5 billion worth of digital assets stolen, was the largest hack of a crypto exchange in dollar terms ever.
The decision is part of the company's strategic shift to focus on markets such as the U.S., Europe and the Middle East