@Visa, @PayPal , @WesternUnion, and @Fiserv aren't piloting Solana. They're live in production.
480B+ transactions. 6 years live and in production.
We just launched @solanapayments and https://t.co/bdO57MaF2G to help you see what payments on @solana actually menas
@SoFi isn't adding crypto as a feature. It's rebuilding its entire infrastructure around the assumption that the future of finance is onchain.
>SEN rebuilds institutional banking and money movement
> SoFiUSD is the currency
> A Fed Master Account provides security and risk
> $10-100M/day in card network settlements represents oinly a portion of the SoFIUSD's potential liquidity
We spoke to the execs building it. Episode out now. ποΈ
One of America's largest digital banks is rebuilding settlement infrastructure for the stablecoin era.
@SoFi's Ben Reynolds and Simon Griffin sit down with @CaddleMaya for the debut episode of Mint Condition.
They unpack why SoFi is rebuilding SEN, launching SoFiUSD, and the future of banking onchain.
Full episode below β¬οΈ
00:00 β SoFi and the bank of the future
01:22 β SEN, what it was, why SoFi is rebuilding it
06:11 β SoFiUSD: the insured depository advantage
15:00 β Liquidity is the least understood part of stablecoin issuance
17:46 β Distribution, partnerships, and what comes next
A nationally chartered US bank just launched a stablecoin on @solana.
Not a crypto native. Not a neobank. A $50B OCC regulated institution with a Fed Master Account, which means reserves held directly at the Fed, not spread across commercial banks hoping they've matched their liabilities. 100% liquid. No duration risk. No counterparty in the critical path.
It has been amazing working closely with the @SoFi team! Deep dive dropping soon with the @SoFi execs building this. ποΈ
Say βhiβ to SoFiUSD (SoFiD) π
The first stablecoin issued by a U.S. national bank and redeemable 1:1 for cash or cash equivalents. Rolling out now, itβs built for how money moves today: fast, flexible, 24/7.
Another person with a micπ
Excited to launch the Mint Condition with @thestablecon & @solana - so we can beyond the headlines with industry experts to understand what is truly happening in the world of onchain finance and payments and why.
Excited to publicly share my experience and knowledge from working at @SolanaFndn alongside that of other industry experts.
Stay tuned for episode 1β£
New podcast alert π¨
Mint Condition hosted by @CaddleMaya cuts through the noise to unpack whatβs actually happening in payments and financial infrastructure.
Produced in partnership with @thestablecon
Episode 1 coming soon
today is a big day for solana defi: ethena is deploying >700m USDG directly into solana
this marks one of the 1st balance sheet deployments from a top stablecoin issuer into the solana lending complex
now watch the solana stablecoin tvl go up as users loop USDe/USDG in size
Welcome the newest payments giant to the @solana ecosystem @tryramp
More and more global corporations are leveraging stablecoins for their own internal functions. Having @tryramp in our ecosystem is a huge win for the future of payments generally
Pumped to announce that support for @tether on Solana, Plasma, & Ethereum in @tryramp is live!
What's more - we've added 1:1 USD/USDT onramps & offramps.
USD β USDT: $0 in fees
USDT β USD: $0 in fees
Across our entire suite of products.
Another day working at an unserious chain @solana that unserious institutions such as PayPal, YouTube Western Union, BlackRock, Visa, Societe Generale, Morgan Stanley, Mastercard, Worldpay, Franklin Templeton use.
Serious people doing serious diligence overwhelmingly don't pick Solana. They never did. Too much centralization and crime. Not enough TPS.
GENIUS changed everything. Age of seriousness.
Mute/block all of Solana. I did a few months ago.
Solana is simply not important anymore.