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In this episode of the Clear Crypto Podcast, Kristin Smith of the Solana Policy Institute explains how crypto went from regulatory target to political powerhouse and why the GENIUS Act cements blockchain’s place in Washington.

Discover UMA, the Ethereum-based protocol for synthetic assets and decentralized oracles. Learn how UMA 2.0, governance, and partnerships drive its growth in DeFi. 〈What is UMA? Features, Use Cases & Market Outlook〉這篇文章最早發佈於《CoinRank》。

SoFi will roll out a Bitcoin-powered international money transfer service inside its consumer app, becoming—per Lightspark CEO David Marcus—“the first US bank to use Bitcoin and Universal Money Addresses (UMA) to offer 24/7, realtime, cheap global payments.” The integration uses the Bitcoin Lightning Network as the cross-border settlement rail and will debut later this year, with Mexico as the first corridor. First US Bank Plugged Into Bitcoin Lightning In its announcement on August 19, SoFi said members will be able to send funds abroad directly from the SoFi app “with lower fees and faster delivery compared to traditional remittance service providers.” Technically, dollars are converted to Bitcoin in real time, routed over Lightning, and reconverted instantly on the other side to local currency that lands in a recipient’s bank account—without users needing a third-party app. SoFi added that total costs will be “below the current national average,” with exchange rates and fees shown up front. The feature will be available through SoFi Checking & Savings, offered by SoFi Bank, N.A., Member FDIC, with a waitlist already open. “SoFi is one of the most innovative and forward-thinking financial platforms in the US today,” Lightspark’s Marcus said in the release. “Digital banks are embracing UMA because it’s fast, cheap, and secure, and it uses the only open payments network that exists, Bitcoin.” SoFi CEO Anthony Noto framed the move in terms of everyday utility: “For many SoFi members who regularly send money to loved ones internationally, the ability to quickly transfer money at low cost isn’t just a convenience, it’s a meaningful improvement to their everyday financial lives.” Marcus amplified the launch on X, calling it a “very important milestone,” and underscoring the strategic rationale for banks: “Bitcoin’s neutrality, openness, and decentralization makes it a very compelling choice for banks as the replacement for antiquated correspondent banking vs. other centralized options. No one wants to king-make another closed, corp controlled payment network again. Open will win.” In a separate post, he urged observers to “truly digest the significance of major banks in the US, Latin America, Europe—and soon everywhere—using Bitcoin as neutral TCP/IP packets for money.” The announcement positions SoFi within a broader shift by large consumer platforms toward Lightning-based settlement. Lightspark previously disclosed partnerships aimed at bringing Lightning and UMA to Revolut in the UK and EEA and to Brazil’s Nubank , one of the world’s largest digital banks, signaling a multi-region build-out of an “open Money Grid.” Against that backdrop, SoFi’s US bank charter makes this rollout notable in the regulated banking context. Whether SoFi is the first US bank to integrate Lightning may depend on definitions and scope. Lightspark’s press release describes SoFi as “one of the first US-banks to offer a blockchain-powered remittances service,” whereas Marcus’ posts characterize it as the first US bank using both Bitcoin and UMA to deliver always-on, inexpensive global payments. What is uncontested is the architecture: UMA addressing on the front end, Lightning for cross-border routing, fiat in and fiat out—with SoFi aiming for lower-than-average remittance costs and round-the-clock availability inside a mainstream banking app. At press time, BTC traded at $113,627.

SoFi Technologies is preparing to launch an international money transfer service that will run on the Bitcoin Lightning Network and Universal Money Address (UMA) .

SoFi Bank will use Bitcoin’s Lightning Network to launch low-cost international money transfers, beginning with Mexico later this year. As part of its partnership with payments infrastructure provider Lightspark, announced on Aug. 19, SoFi Bank will offer near-instant cross-borde...

SoFi Technologies marks a first for U.S. banks by introducing the Bitcoin Lightning Network and Universal Money Addresses, enhancing global remittance services. Read original article on coinwy.com

SoFi Technologies (SOFI) will soon allow remittance payments on top of the Bitcoin layer-2 Lightning Network through a partnership with Lightspark, aiming to bring real-time international money transfers to its members. The San Francisco-based fintech firm will integrate Lightspark’s Universal Money Address (UMA), which runs on Bitcoin’s Lightning Network, to facilitate near-instant cross-border payments, SoFi announced on Tuesday . Lightning is a layer-2 network designed to help fulfill Bitcoin's original vision of becoming global, peer-to-peer digital cash. By creating a network of off-chain payment channels, it circumvents the slow transaction times and high fees of the main Bitcoin blockchain, enabling instant, high-volume micropayments. This scalability layer could transform Bitcoin into a practical medium for everyday transactions, making it a viable alternative to traditional payment systems. SoFi's remittance product, which is expected to roll out later this year, will allow users to send U.S. dollars through the SoFi app, with recipients receiving local currency deposits abroad. Lightspark’s UMA provides access to a global payment rail designed for speed and scale. Transfers will display upfront exchange rates and fees, addressing longstanding pain points in traditional remittance services, SoFi said in Tuesday's announcement. The launch follows SoFi’s reentry into crypto, after halting services in 2023 during its transition to a national bank. Earlier this year, it revealed plans to offer international remittances through blockchain and stablecoins and allow users to invest in crypto.

UMA introduces an oracle update, limiting Polymarket proposals to whitelisted parties to ensure better outcomes and reduce disputes. Read original article on marketbit.io

UMA updates its oracle to whitelist parties for Polymarket, enhancing dispute outcomes. Read original article on kanalcoin.com