SoFi Technologies announced today that it has made its SoFiUSD stablecoin available to its nearly 15 million members directly within its digital financial services app. It is the first time that a U.S. national bank-issued stablecoin is available directly within a banking app, the company said in a statement. SoFiUSD will operate on Ethereum and Solana, with more blockchains to come. Calling the launch a bridge between traditional banking and digital assets, SoFi said that it is helping to make digital financial tools “more accessible, practical, and trustworthy” by integrating blockchain technology into its banking ecosystem. The plan is to combine regulated banking infrastructure with onchain settlement rails in a…
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Boundary to Launch ‘Verifiable’ Stablecoin for Institutions
USBD will be for pre-approved institutions only
Boundary Labs today announced that it has closed a $2 million pre-seed funding round to launch a new stablecoin, designed for institutions, that will provide onchain verification of its backing reserves. Exclusively for financial and blockchain institutions, the USBD stablecoin is engineered from the ground up for pre-approved participants who require “a new standard of onchain verifiability,” Boundary labs said in a statement. Press play to hear a narrated version of this story, presented by AudioHopper. Galaxy Ventures led the funding round, with participation by FirstBlock Capital and BlockWood, among others. “‘Trust but verify’ is a phrase core to the onchain industry as it champions a critical principle where institutions and…
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Canada Gets Its Own Stablecoin
CADD is issued in Canadian Dollars, a First
Canada just got its first regulated stablecoin denominated in Canadian dollars. Digital technology and financial services firm Tetra Trust Company has launched the CADD stablecoin with regulatory approval from the Alberta Treasury Board and Finance. It says CADD is the first CAD-pegged stablecoin issued by a regulated financial services firm. All funds backing CADD are held in trust in Canada and dedicated exclusively to redemption, Tetra said, adding that it meets all institutional expectations around asset protection, transparency, and regulatory compliance. CADD is now live on the Base, Ethereum and Tempo blockchains, with Solana support coming soon. It promises near-instant settlement of transactions. “This milestone reflects the strong collaboration with…
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One-Third of the 2025 Tax Forms Kraken Filed Were Below $1
Capital gains taxes must be paid on all of them
Cryptocurrency exchange Kraken filed 56 million crypto tax forms in 2025. Half were for amounts below $10 and three quarters below $50. One third were below a single dollar. That’s a big problem for crypto owners when it comes to filing taxes, as each of those transactions requires them to fill out a capital gains report. “These forms were not sent to sophisticated traders who made big returns from crypto,” Kraken said in an April 22 report. “The vast majority of the forms are for staking rewards measured in fractions of a cent, small purchases, and routine activity. Every single one generates a form that a real person is now…
