Cryptocurrency exchange Kraken and US digital bank SoFi are collaborating on dollar payments and cryptocurrency trading, CoinDesk reported. Kraken's parent company, Payward, will use SoFi's dollar payment network SEN to provide institutional clients with 24-hour dollar transfers and liquidity management services. Kraken will list SoFiUSD, a dollar stablecoin issued by SoFi, and SoFi will also utilize Kraken Prime to secure the liquidity needed for its customers' cryptocurrency transactions. Both companies stated that they could expand their cooperation to include payments, fund management, and lending in the future.
