Don’t miss this sharp take on Tether by The Economist: How Tether became money-launderers’ dream currency. In 2024, Tether made profits of more than $13bn, almost twice as much as BlackRock, the world’s largest asset manager. We’ve said it:
Then: SoFi, a US bank and biggest online lender with 11M customers, to use Bitcoin for global remittances. We unpack it below.
Also: We have dropped our biggest stablecoin report yet, where we unpack ALL of this – together with Fintech Blueprint 🤖🏦🧭 .
Don’t miss this: Tokenized stocks go global.
Kraken and Backed are bringing 60+ U.S. equities onchain via BNB Chain, with support rolling out to 185+ countries. [ANNOUNCEMENT]
Last week, Robinhood launched with 213 tokenized stocks on Arbitrum in Europe — including pre-IPO names like SpaceX and OpenAI (without their consent). Regulators are circling, but Robinhood insists the model is compliant and says the SEC could greenlight U.S. tokenized trading without new laws. [SEE ANALYSIS]
SoFi, a bank and the biggest U.S. online lender with 11M customers, just announced it will relaunch crypto, starting with buy/sell/hold, and then roll out global remittances powered by Bitcoin. You send dollars, they’re converted to Bitcoin and moved globally, then converted back into local currency for the receiver — all without users ever touching Bitcoin directly. Result: near-instant settlement, minimal fees, no correspondent banks.
