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SoFi tie-up shows stablecoins can provide alternative blockchain settlement rail

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SoFi dives deeper into payments as it moves its entire card program to blockchain-based settlement using its SoFiUSD stablecoin, with more than $25 billion in expected annualized volume.

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New York sues Polymarket over alleged illegal gambling business

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The action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an illegal gambling operation.

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IBM opens beta Swift ledger link for 24/7 tokenized deposits

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IBM’s beta link lets banks instruct tokenized deposit transfers on Swift’s ledger using existing payment messages and compliance processes.

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Coin Market

Solana Foundation hires ex-Binance CMO and payments exec as new partnerships expand

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Rachel Conlan will oversee institutional partnerships and ecosystem growth, while Jamal Raees will focus on stablecoins and tokenized deposits, following a wave of new partnerships.

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