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SoFi Makes Stablecoin Available to Its 14.7 Million Members
pymnts28d ago

SoFi Makes Stablecoin Available to Its 14.7 Million Members

SoFi Technologies’ bank-issued, U.S. dollar-backed stablecoin SoFiUSD is now available for SoFi members to buy, sell, hold and convert directly within the SoFi app. “Members can access SoFiUSD starting today, with full availability expected by early June as users update to the latest version of the SoFi app,” the company said in a Wednesday [...] The post SoFi Makes Stablecoin Available to Its 14.7 Million Members appeared first on PYMNTS.com .

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Commodity wrap: Gold slips to 2-month low, while oil dips on Iran peace hopes
invezz28d ago

Commodity wrap: Gold slips to 2-month low, while oil dips on Iran peace hopes

Most non-agricultural commodities were in the red on Wednesday with gold dipping to a two-month low due to concerns about inflation. Meanwhile, among base metals, aluminium and copper contracts were also down on the London Metal Exchange. Oil prices extended their losses as both Brent and West Texas Intermediate crude benchmarks slipped over 3% on prospects of a deal between the US and Iran. Gold falls to a two-month low Gold slid close to 2% following renewed US military action in the Persian Gulf, while silver tracked the downturn in lockstep. “As has been the case in recent weeks, the inverse relationship between the price of gold (or silver) and the price of oil continues to hold,” Commerzbank AG analysts...

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