SoFi Launches First National Bank-Issued Stablecoin Platform Integration
SoFiUSD has become the first stablecoin issued by a U.S. national bank to launch directly on a banking platform, marking a significant milestone in the convergence of traditional banking and digital assets. The launch demonstrates how regulated financial institutions are becoming increasingly comfortable integrating blockchain-based products into mainstream financial services. Unlike previous stablecoin initiatives led primarily by crypto-native firms, SoFi’s approach brings digital dollars directly into a regulated banking environment. The development could accelerate broader adoption of stablecoins among retail and business customers seeking faster and more efficient digital payments. It also highlights the growing competition among banks to innovate as tokenized finance gains momentum. As regulatory clarity improves, initiatives like SoFiUSD may serve as a blueprint for how traditional banks participate in the digital asset economy.
Video of the Day
Insight of the Day
Inside Wise’s Products, Licenses, Rails, and the Technology Stack
On May 11, 2026, Wise began trading on Nasdaq under the ticker WSE, a dual listing alongside its existing London Stock Exchange presence. The moment was symbolic. Wise isn’t just adding liquidity or broadening its investor base. The Nasdaq move signals something more deliberate: Wise is reframing itself not as a consumer fintech, but as financial infrastructure, the kind institutions and regulators think about differently than apps.
To understand why that framing matters, you have to understand what Wise has actually built over fifteen years, and where it’s now pointing that infrastructure.
Curated News
💳 Payments
Visa and Replit Team Up on AI-Powered Payments
Visa has invested in Replit as the two companies explore payment integrations designed for AI-native applications. The partnership reflects growing interest in enabling software agents to initiate and manage transactions autonomously.
Source
Faster Payments Groups Launch Standards Initiative
The U.S. Faster Payments Council and ASC X9 have formed a joint steering committee to coordinate standards development across the faster payments ecosystem. The effort aims to improve interoperability and accelerate adoption of real-time payment technologies.
Source
KBank and Ant International Expand Cross-Border Payments
KBank and Ant International have partnered to enhance cross-border payments and liquidity management services in Thailand. The collaboration is designed to streamline international transactions for businesses operating across the region.
Source
Highnote and Visa Advance Agentic Commerce
Highnote is working with Visa to develop infrastructure that enables AI agents to initiate and complete payments on behalf of users. The partnership highlights the emergence of agentic commerce as a key innovation area for the payments industry.
Source
Visa Defends Role in Europe’s Payments Future
As discussions around European payments sovereignty intensify, Visa has outlined its case for remaining a critical part of the continent’s payment ecosystem. The debate reflects broader tensions between domestic payment initiatives and global network providers.
Source
🏦 Banking
NatWest Deploys AI to Strengthen Trade Finance Controls
NatWest has partnered with Cleareye.ai to automate trade operations and enhance financial crime detection capabilities. The initiative demonstrates how banks are using AI to improve efficiency while strengthening compliance processes.
Source
Fiserv Taps Cognition to Modernize Banking Technology
Fiserv is leveraging Cognition’s AI software engineering capabilities to accelerate technology modernization across its banking platforms. The move reflects growing adoption of AI-driven development tools within financial infrastructure providers.
Source
Woodforest National Bank Selects Jack Henry Platform
Woodforest National Bank has chosen Jack Henry’s integrated banking platform to support future growth and digital transformation efforts. The upgrade is expected to improve operational efficiency and enhance customer experiences.
Source
Treasury Expands Trump Accounts App Nationwide
The U.S. Treasury has rolled out the Trump Accounts app across the country, expanding access to the government’s financial account initiative. The launch represents a significant step in digitizing public-sector financial services.
Source
💼 Fintech
Daloopa Raises $47M to Build AI Finance Infrastructure
Daloopa has secured $47 million in Series C funding to expand its financial data platform for AI-driven applications. The investment underscores growing demand for high-quality structured data powering next-generation financial services.
Source
Saris Raises $28.8M for Agentic Workflow Platform
Saris has raised $28.8 million to scale its AI-powered workflow automation platform. The funding highlights investor enthusiasm for agentic AI technologies capable of automating complex enterprise processes.
Source
Loqbox and Blackbullion Partner to Help Students Build Credit
Loqbox and Blackbullion have joined forces to provide students with tools to improve financial literacy and establish credit histories. The initiative aims to address a longstanding gap in access to credit-building opportunities for young consumers.
Source
🪙 Crypto
OKX Ventures Invests $53M in Coinone
OKX Ventures has acquired a $53 million stake in South Korean crypto exchange Coinone. The investment strengthens OKX’s presence in Asia and signals continued institutional confidence in regional digital asset markets.
Source
CFTC Clears Bitcoin Perpetual Futures on Kalshi
The CFTC has approved Bitcoin perpetual futures contracts on prediction market platform Kalshi. The decision expands access to crypto derivatives and further blurs the line between traditional finance and prediction markets.
Source
Bitcoin ETFs Post Record $2.8B Outflow Streak
Bitcoin ETFs have recorded $2.8 billion in outflows during a nine-day streak, marking one of the largest withdrawals on record. The trend reflects cautious investor sentiment amid heightened market volatility.
Source
Coinbase Expands Access to India’s IMPS Network
Coinbase has broadened its offerings in India through integration with the country’s IMPS payments network. The expansion is expected to simplify account funding and improve accessibility for local users.
Source
Gemini Adds AI-Powered Prediction Markets
Gemini has partnered with SpaceXAI to introduce prediction market capabilities to its platform. The feature expands user engagement opportunities while combining AI-driven forecasting with crypto trading.
Source
📈 WealthTech
Strategy’s STRC Faces New Competition From Strive
Strategy’s STRC product has slipped below $99 as investors increasingly shift attention toward competing offerings from Strive. The development highlights intensifying competition for capital within alternative investment products.
Source
⚖️ Regulation
Paxos Receives SEC Approval for Nationwide Securities Settlement
Paxos has secured regulatory approval from the SEC to settle securities transactions across the United States. The milestone strengthens the company’s position as a regulated blockchain infrastructure provider for traditional financial markets.
Source
BIS and GLEIF Test Digital Identity for Open Finance
The BIS and GLEIF are collaborating on a prototype that uses Legal Entity Identifiers (LEIs) in cross-border open finance environments. The project aims to improve trust, identity verification, and interoperability across financial ecosystems.
Source
Anyfin Strengthens Compliance With Fourthline Partnership
Anyfin has partnered with Fourthline to enhance digital identity verification and regulatory compliance across European markets. The collaboration supports growing demand for secure onboarding and fraud prevention solutions.
Source
🌍 Other
Forbes Celebrates 25 Years of the Midas List
Forbes has released the 25th-anniversary edition of its renowned Midas List, recognizing the world’s leading venture capital investors. The ranking offers insight into the investors shaping innovation across fintech, AI, and technology sectors.
Source
Disclaimer: Payments Wrap Up aggregates publicly available information for informational purposes only. Portions of the content may be reproduced verbatim from the original source, and full credit is provided with a “Source: [Name]” attribution. All copyrights and trademarks remain the property of their respective owners. Payments Wrap Up does not guarantee the accuracy, completeness, or reliability of the aggregated content; these are the responsibility of the original source providers. Links to the original sources may not always be included. For questions or concerns, please contact us at sam.boboev@fintechwrapup.com.