cryptonews.net
Sokin, a business payments and finance platform for cross-border transactions, has launched stablecoin capabilities and is moving toward a hybrid financial model that combines digital assets with traditional currencies.
The new functionality allows companies to manage stablecoins alongside fiat accounts in one interface. Finance teams can send, receive and convert funds without dealing with private keys or blockchain fees. The system uses the same approval, compliance and reporting tools already available for standard currency operations.
The rollout will continue in stages through 2026. Selected clients can already open accounts and process payments. Future updates are expected to include stablecoin swaps, merchant payment acceptance and expanded API access for external platforms.
At the same time, Sokin acquired Genpaid, a multichain crypto payments platform focused on stablecoin infrastructure and automation tools. Genpaid develops solutions for non-custodial payments and AI-driven transaction flows.
The platform supports major stablecoins such as USDC, USDT and PYUSD across networks like Ethereum and Tron. Sokin also integrates on- and off-ramps in more than 170 countries, allowing businesses to convert between fiat and digital assets through existing banking connections.
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