The post SoFi Launches 24/7 Crypto Banking on Solana With Mastercard, Galaxy, Wintermute on Board appeared first on Coinpedia Fintech News

For years, the knock on traditional banking has been simple: markets move around the clock, but banks do not. SoFi is building the alternative.

The nationally chartered US bank launched Big Business Banking today, an enterprise platform that lets companies hold deposits, move money, and settle transactions at any hour through fiat or crypto, all inside a single federally regulated bank running on Solana.

Anthony Noto, SoFi’s CEO, framed the gap directly.

“To be competitive, businesses today must operate in a global, always-on environment 24 hours a day, 7 days a week, while legacy banks typically still operate 9 to 5, Monday to Friday,” he said.

Mastercard, Galaxy, Fireblocks: Who Just Signed Up?

Ten firms are already in.

Initial participants include Cumberland, Bullish, BitGo, B2C2, Fireblocks, Wintermute, Galaxy, Jupiter, Mesh Payments and Mastercard. They represent the institutional infrastructure layer of the entire crypto industry.

Mastercard’s presence is particularly notable. The payments giant announced a $1.8 billion deal to acquire stablecoin infrastructure firm BVNK last month, a transaction still awaiting regulatory approval. It is now also a launch partner for SoFi’s regulated crypto banking platform.

How SoFi Got Here: 5 Months, 3 Moves

Today’s announcement did not arrive overnight.

In November 2025, SoFi became the first nationally chartered US bank to offer retail crypto trading. In February 2026, it became the first to enable direct on-chain Solana deposits for its 13.7 million members. Today, it has extended that infrastructure to enterprise clients – bringing institutional-grade fiat and crypto banking onto Solana rails for the first time.

Each step built on the last. Big Business Banking is where the retail and institutional layers converge.

SoFiUSD and the Stablecoin Layer

The platform introduces SoFiUSD as its native stablecoin, with mint and burn functionality allowing instant conversion between fiat and digital assets while reserves remain inside SoFi’s regulated bank. Companies can settle in fiat, SoFiUSD, or selected cryptocurrencies.

SOL is currently trading at $77.44, down 7.04% in the past 24 hours amid broader market weakness. SOFI stock closed at $15.63, down 1.57%, with after-hours trading pushing it further to $15.10.

The infrastructure is live. The question now is how fast the rest of the industry follows.

The post Ripple CTO Shuts Down XRP’s Biggest Bank Adoption Concern in 1 Sentence appeared first on Coinpedia Fintech News

A crypto investor raised a genuine concern about XRP this week. Ripple’s CTO answered it in one sentence.

Mason Versluis put the question plainly: Ripple holds 34 billion XRP tokens. If global banks adopt XRP and prices reach the levels the community expects, Ripple would become the most valuable financial institution on the planet. Would banks, after conducting extreme due diligence on a cryptocurrency asset, really sign off on making that happen?

Ripple CTO David Schwartz was unmoved by the logic.

His reply: “Yeah, this makes business sense for us to do and would make us money, but we don’t want to do it because it also makes this other company money.”

The implication is straightforward – banks do not decline profitable infrastructure simply because a vendor benefits alongside them.

Do Banks Actually Care About Ripple’s XRP Holdings?

Schwartz wins the argument. But the more revealing picture comes from what banks are actually doing with Ripple’s infrastructure right now.

Banks that adopted Ripple’s infrastructure in early 2026, including Deutsche Bank and Société Générale, have been settling in RLUSD and fiat rather than XRP, according to analysts tracking the integrations. At least 30 of the 50+ banks inside SWIFT’s new retail payments framework already have ties to Ripple, but most use RippleNet for messaging only, without XRP touching the payment flow at any point.

Ripple Treasury processed $13 trillion in payments last year, with zero percent going through crypto rails.

• Also Read :
•   Ripple News: RLUSD Push Drives Ripple Toward Federal Banking Charter
•   ,

The $13 Trillion Gap Between Ripple’s Success and XRP Demand

Ripple wins whether banks choose XRP or RLUSD. XRP holders only benefit if banks switch from messaging to On-Demand Liquidity, the service where XRP is actually required as a bridge asset. Across RippleNet broadly, around 40% of connected banks use ODL, meaning 60% are on the rails without ever touching the token.

The CLARITY Act is the variable that changes that equation. If XRP is formally classified as a digital commodity under U.S. federal law, banks gain a clear compliance pathway to adopt ODL at scale.

Until that bill passes, RLUSD is the simpler choice for institutions managing billions in treasury operations.

Ripple’s National Bank Charter and What It Means for XRP Today

Ripple’s national trust bank charter took effect on April 1 after the OCC finalized its rules. Yesterday, Ripple launched Digital Asset Accounts and Unified Treasury, putting XRP and RLUSD inside corporate treasury management for the first time and allowing CFOs to manage digital assets alongside fiat in a single interface.

XRP is currently trading at $1.30, down 3.86% in the past 24 hours, with a market cap of $79.86 billion.

Schwartz won the Twitter exchange. Whether XRP wins the adoption race against RLUSD is a question the CLARITY Act has not answered yet.

The post Hyperliquid Volume Hits Binance-Comparable Levels In Less Than a Year appeared first on Coinpedia Fintech News

In May 2025, Hyperliquid posted a stark reality check. Binance was doing $176.3 billion in daily volume. Hyperliquid had just hit an all-time high of $22 billion. The math was simple and humbling – it would need to grow eight times over to be in the same conversation.

That was less than a year ago.

From 8x Behind to Binance-Comparable Volume

According to Hyperliquid Hub, HyperCore now processes between 2 and 4 billion orders every single day – more than 7,500 transactions per second and 119,330 orders per second. Open interest has crossed $8 billion. There are 245,259 active traders on the platform daily.

The same account that ran the numbers in May 2025 is now calling the volumes comparable to Binance.

Per CoinGecko data, HYPE’s derivatives exchange currently ranks #7 globally by open interest, sitting above Bybit and alongside names that have dominated the derivatives landscape for years.

Also Read: Ripple Prime Expands Hyperliquid Integration: Now Trade Gold, Silver and Oil On-Chain

Why On-Chain Transparency Won Against CEXs

Hyperliquid attributes its rise to one thing: transparency. Every order on HyperCore is fully on-chain and publicly verifiable in real time – a level of transparency no major centralised exchange currently matches.

In an era where the FTX collapse still sits in recent memory, that proposition has proven to be a genuine differentiator. Traders know exactly what is happening with their positions at every moment.

Iran War Proved Hyperliquid’s 24/7 Edge

When oil spiked on a weekend during the US-Iran conflict and traditional markets were closed, Hyperliquid became the venue of choice for commodity traders who had nowhere else to go. The platform recorded over $500 million in oil trading volume in a single Sunday session.

That is the structural edge centralised exchanges cannot replicate.

HYPE Price Today

HYPE is currently trading at $34.94, down 5.58% in the past 24 hours as broader markets absorb the fallout from Trump’s Iran escalation speech. Market cap sits at $8.94 billion with $274.54 million in 24-hour volume.

For a platform that was told it needed 8x growth to matter, those are not small numbers.

The post Why Ethereum Took a Bigger Hit Than Bitcoin After Trump’s Iran “Stone Ages” Speech appeared first on Coinpedia Fintech News

While the entire crypto market sold off after Trump’s speech, Ethereum traders bore the sharpest end of the impact.

According to CryptoQuant analyst Darkfost, more than $1 billion in ETH sell volume flooded derivatives within a single hour of Trump’s remarks – $968 million of that on Binance alone, currently the largest derivatives exchange in the industry by volume.

At the time of writing, ETH is trading at $2,046, down 4.07% in the past 24 hours. Bitcoin is at $66,473, down 3.11%. Solana is down 5.62% over the same period.

What Trump Actually Said

Markets had spent two days rallying on expectations that Trump’s primetime address would signal a ceasefire or de-escalation in the US-Iran conflict. Instead, he told the nation the United States would hit Iran “extremely hard over the next two to three weeks” and send it into the stone ages, and offered no plan to reopen the Strait of Hormuz.

The reaction was immediate. The S&P 500 wiped $500 billion in market cap within minutes. Oil jumped. US Treasury bonds moved higher as investors rotated into safety.

Crypto followed, particularly in derivatives.

Read More: Ethereum May Lose Its #2 Spot in 2026: Can USDT, XRP, BNB, or SOL Take It?

Why Ethereum Gets Hit Harder

ETH is not Bitcoin when geopolitical risk spikes.

Bitcoin carries a partial “digital gold” narrative that absorbs some safe-haven demand during crises. Ethereum does not have that same identity. It trades as a high-beta risk asset – closer to a leveraged tech stock than a store of value. When institutional desks rotate to safety, ETH is sold first and fastest.

The derivatives data confirms this. The concentration of leveraged long positions on Binance created exactly the conditions for a cascade. Once selling began, forced liquidations amplified the move, pushing ETH into a steeper correction than the broader market justified.

Also Read: Iran’s “Reverse Indicator” Theory: Is Trump’s Truth Social the Best Signal for Crypto Traders?

A Pattern That Keeps Repeating

Over the past five weeks, crypto has repeatedly followed the same sequence – hope, Trump headline, reversal. Each rally built on de-escalation expectations. Each sell-off triggered by escalation.

The CMC Fear and Greed Index currently sits at 27, in Fear territory. Last month it hit a yearly low of 15 – Extreme Fear – and has only partially recovered since.

As Darkfost noted, financial markets are now in a period of “extreme uncertainty and volatility, making price action increasingly erratic and unstable.”

Until the Strait of Hormuz reopens, that pattern is unlikely to change.

The post Ripple Lists RLUSD on South Korea’s Coinone to Cap a Month of Major Expansion appeared first on Coinpedia Fintech News

Ripple just handed South Korean traders direct access to RLUSD.

The stablecoin is now live on Coinone, one of South Korea’s largest regulated cryptocurrency exchanges, with Korean Won trading pairs active as of today.

The listing was confirmed by Ripple’s official account: “Korean traders can now access Ripple’s fully-reserved, enterprise-grade stablecoin directly in KRW.”

South Korea is not a small market to crack. One in four citizens aged 20 to 50 holds cryptocurrency. Earlier this month, South Korean traders conducted over $621 million in XRP transactions in a single 24-hour period across the country’s five licensed exchanges.

RLUSD now has a regulated foothold in that market.

Convera Just Put RLUSD Inside a $170 Billion Payment Network

The Coinone listing did not arrive in isolation. The day before, Ripple announced a partnership with Convera – the global commercial payments firm formerly known as Western Union Business Solutions – to deliver stablecoin-enabled cross-border payment and treasury solutions for enterprises.

Convera operates across more than 200 countries and territories, supports over 140 currencies, and processes approximately $170 billion in annual transaction volume.

The model the two companies will use is what Ripple calls the “stablecoin sandwich” – payments begin and end in fiat, with RLUSD handling settlement in between. Enterprises get blockchain speed without directly managing digital assets.

Convera CEO Patrick Gauthier described Ripple as “a clear leader in the crypto space and a natural fit for Convera.”

Ripple’s on a Roll

The Coinone listing and Convera deal are part of a wider trend of Ripple’s momentum. Deloitte confirmed the stablecoin’s reserves are fully backed. Mastercard added Ripple to its Crypto Partner Program, a network processing over $9 trillion annually. Ripple also joined Singapore’s MAS BLOOM sandbox to test programmable cross-border trade settlements using the XRP Ledger and RLUSD.

On March 27, Ripple CEO Brad Garlinghouse confirmed the company is heading for a record first quarter, with prime brokerage revenue tripled and total payment volume crossing $100 billion.

RLUSD launched in December 2024 with a market cap of $132 million. It has since grown to $1.25 billion.

The expansion is no longer gradual.

The post Stablecoins Are Bigger Than Visa Now: What Does That Mean for Your Money? appeared first on Coinpedia Fintech News

Most people think stablecoins are the boring part of crypto, where you park your money in while you wait for something interesting to happen.

Last year, stablecoins processed $33 trillion in transactions compared to Visa’s $16.7 trillion – nearly double the volume of one of the world’s largest payment networks.

The scale of that comparison is difficult to overstate. Stablecoins are no longer operating at the margins of global finance.

Stablecoin Issuers Now Hold More US Treasuries Than Germany

Stablecoin issuers now hold $155 billion in US Treasury bills, more than Germany, Saudi Arabia, South Korea and Israel. Tether alone holds $127 billion. Circle holds $25 billion. Combined, they rank as a top 20 holder of US government debt.

The market itself has grown from $5 billion in 2020 to $313 billion in March 2026 – a 60x increase in six years. Transaction volume is up 72% year on year. Stablecoins now represent over 1% of all US dollars in circulation, with 99% of them pegged to the dollar.

The Critical Role of the GENIUS Act

In July 2025, the US signed the GENIUS Act – the first federal law ever written specifically around stablecoins. Three core rules: every stablecoin must be backed 1:1 by real reserves, issuers must publish monthly reserve reports, and if an issuer goes bankrupt, holders get paid first.

What it unlocked was immediate. Banks can now issue their own stablecoins. Institutions have a legal framework to build on. An EY and Coinbase survey of 211 US institutional investors found 83% believe the GENIUS Act will drive greater willingness to engage with stablecoins, particularly among financial services firms.

Also Read: Clarity Act Update: Why Are Banks Fighting Against Stablecoin Yield?

Visa, Stripe, Mastercard: Why Every Major Payment Player Is Moving In

Visa is integrating stablecoins into its settlement layer. Stripe now accepts stablecoin payments globally. Mastercard acquired stablecoin infrastructure firm BVNK for $1.8 billion. Base processed $17 trillion in stablecoin volume across 17 countries in 2025 alone.

Also Read: XRP News: Ripple  Partners With Convera for Stablecoin Cross-Border Payments

ARK Invest data shows stablecoin transaction volume surging sharply after the GENIUS Act was signed.

The stablecoin market is projected to reach $2 to $4 trillion by 2030 – roughly 10x from current levels.

For everyday holders, that shift is already visible – in Argentina and Nigeria, people are using dollar-pegged stablecoins as savings accounts because their local currencies are collapsing. Stablecoins offer dollar stability where traditional banking cannot.

The dollar is going digital, the infrastructure is already built, and the institutions have arrived.