Sokin, a business payments and finance platform, has added stablecoin capability. There are no private keys, no contract addresses or native blockchain fees to worry about. A company’s stablecoin wallet sits alongside its traditional currency accounts in the same dashboard, with the same approvals, compliance, reporting, and reconciliation tools.
The launch represents the first of a phased rollout through 2026. From today, select Sokin clients can open accounts, send and receive, and convert between traditional currencies and stablecoins. Subsequent phases will add stablecoin swap, embedded payment acceptance for merchants, stablecoin yield and expanded API infrastructure for third-party platforms.
“When you’re running a global business, what matters is that your payment arrives fast and costs less, not which rail it travels on. We’re building the infrastructure to make that choice invisible. Send in pounds, receive in pesos, and the optimal route happens automatically. Stablecoins will be a major upgrade for global commerce and our leading, end-to-end embedded payments platform,” said founder and CEO Vroon Modgill.
Sokin has simultaneously acquired blockchain native company Genpaid, a multi-chain non-custodial crypto payments and finance platform for stablecoins with advanced capabilities. These include AI-compatible and agentic payments on protocols from Coinbase and Google. As part of the acquisition, Genpaid founder Ross Kolodyazhnyi has been appointed to lead the stablecoin solution.
“The combination of Genpaid’s multichain stablecoin payment infrastructure with Sokin’s regulated payment infrastructure is a truly exceptional proposition for businesses. Unlike some others in this space who rely on third-party infrastructure, Sokin owns its full stablecoin technology stack with this acquisition. I’m delighted to join a company with unbelievable growth potential and ambition,” said Kolodyazhnyi.
Sokin’s stablecoin capabilities include:
Global stablecoin payments: Send and receive stablecoins globally, 24/7, with no settlement delays or intermediary banks.
On/off ramp across 170-plus countries: Convert between traditional currencies and stablecoins through Sokin’s established banking partnerships, connecting stablecoin rails to local payment systems worldwide.
Major stablecoin and network support: Compatible with key stablecoins including USDC, USDT, USDS (Sky dollar), PYUSD, and EURC, across Tron and Ethereum-based blockchain networks, which handle the majority of global stablecoin volume.
Invisible bridge rail settlement: Businesses send and receive in their local currencies. Sokin can route cross-border payments through stablecoin rails, offering it as an alternative settlement method for the fastest, lowest-cost path.
Infrastructure for fintechs and stablecoin platforms: On/off ramp capabilities and embedded payment APIs allow third-party platforms to offer stablecoin-powered payments and treasury services without building their own compliance and banking infrastructure.
E-commerce payment acceptance: Capability to directly accept stablecoin payments from customers via Sokin Checkout, simplifying the merchant experience and increasing conversion.
Generate returns on stablecoin balances: Capability to generate yield across stablecoin holdings directly within the platform.
Businesses interested in accessing Sokin’s capabilities can register for early access at sokin.com/stablecoin-program.