NEW YORK and LONDON — March 17, 2026
Executive Summary
Sokin, a global business payments and finance platform, has announced the launch of its stablecoin capabilities, expanding its platform into a hybrid finance solution that integrates traditional fiat currency operations with digital asset infrastructure. The rollout enables businesses to open stablecoin accounts, convert between fiat and stablecoins, and settle cross-border payments within a single unified system.
The new capabilities are live and available to select clients, with additional features planned in phases throughout 2026. Alongside the launch, Sokin has acquired Genpaid, a multichain stablecoin payments platform, to accelerate its product development and infrastructure ownership. The company stated that its approach removes technical complexity associated with stablecoins, allowing finance teams to manage digital and traditional assets through a single dashboard with unified controls, compliance, and reporting.
Announcement Overview
Sokin has introduced stablecoin capabilities as part of its broader strategy to unify traditional financial systems with digital asset-based payment infrastructure. The launch enables businesses to access stablecoin accounts alongside their existing fiat currency accounts, allowing for integrated treasury, payments, and settlement operations.
The platform is designed to abstract the underlying blockchain complexity associated with stablecoin usage. According to the company, businesses using the platform do not need to manage private keys, contract addresses, or blockchain transaction fees. Instead, stablecoin wallets are embedded directly into Sokin’s existing platform interface, operating alongside traditional accounts with the same governance, approval workflows, and reconciliation tools.
The rollout has commenced with an initial phase that allows select clients to open accounts, send and receive stablecoins, and convert between fiat and digital currencies. Sokin indicated that additional capabilities will be introduced in subsequent phases throughout 2026, expanding the platform’s functionality across payments, treasury, and embedded financial services.
Key Announcement Details
- Announcement Type: Stablecoin capability launch and strategic acquisition
- Company: Sokin
- Acquired Entity: Genpaid (multichain stablecoin payments company)
- Launch Date: March 17, 2026
- Platform Type: Hybrid finance platform combining fiat and stablecoin infrastructure
- Core Offering: Unified platform for traditional currency treasury operations and stablecoin accounts and settlement
- Initial Availability: Live with select Sokin clients
- Rollout Plan: Phased rollout throughout 2026
- Stablecoin Account Capabilities:
- Open stablecoin accounts
- Stablecoin wallets integrated with fiat accounts in same dashboard
- Same approvals, compliance, reporting, and reconciliation tools
- Transaction Capabilities:
- Send and receive stablecoins
- Convert between fiat currencies and stablecoins
- Cross-border payment settlement using stablecoin rails
- User Experience Design:
- No private keys required
- No contract addresses required
- No native blockchain fee management
- Technology abstraction for finance teams
- Future Capabilities (Planned Phases):
- Stablecoin swap functionality
- Embedded merchant payment acceptance
- Stablecoin yield generation
- Expanded API infrastructure for third-party platforms
- Global Payments Capability:
- 24/7 global stablecoin payments
- No settlement delays
- No intermediary banks required
- On/Off Ramp Infrastructure:
- Conversion between fiat and stablecoins
- Coverage across 170+ countries
- Integration with local payment systems via banking partnerships
- Supported Stablecoins:
- USDC
- USDT
- USDS (Sky dollar)
- PYUSD
- EURC
- Supported Blockchain Networks:
- Tron
- Ethereum-based networks
- Settlement Mechanism:
- Invisible bridge rail settlement
- Automatic routing via optimal payment rails
- Local currency send/receive with backend stablecoin routing
- Infrastructure Offering:
- Embedded payment APIs
- On/off ramp capabilities for third-party platforms
- Enablement of stablecoin-powered treasury and payments
- Ecommerce Capabilities:
- Stablecoin payment acceptance via Sokin Checkout
- Merchant payment processing support
- Yield Capabilities:
- Ability to generate returns on stablecoin balances within the platform
- Acquisition Details (Genpaid):
- Multichain non-custodial crypto payments platform
- Stablecoin-focused infrastructure
- AI-compatible and agentic payment capabilities
- Built on protocols from Coinbase and Google
- Leadership Update:
- Ross Kolodyazhnyi joins Sokin
- Role: Senior Vice President, AI and Crypto Payments
- Responsibility: Lead Sokin’s stablecoin solution
- Strategic Purpose:
- Expand stablecoin capabilities
- Accelerate product rollout
- Enhance internal technology stack ownership
- Customer Access:
- Early access registration via sokin.com/stablecoin-program
- Company Operations (Sokin):
- Supports 70+ currencies
- Holds balances in 26 currencies
- Multi-currency IBAN and local currency accounts
- Offices in UK, US, Canada, UAE, Singapore, Mexico, Norway, India
Stablecoin Capabilities and Platform Features
Global Stablecoin Payments
Sokin enables businesses to send and receive stablecoins globally on a 24/7 basis, without settlement delays or reliance on intermediary banking institutions. The platform facilitates continuous transaction capability across international markets.
On/Off Ramp Across 170+ Countries
Businesses can convert between traditional fiat currencies and stablecoins through Sokin’s established banking partnerships. The platform connects stablecoin rails to local payment systems in more than 170 countries, enabling conversion and settlement across multiple jurisdictions.
Major Stablecoin and Network Support
The platform supports a range of widely used stablecoins, including:
- USDC
- USDT
- USDS (Sky dollar)
- PYUSD
- EURC
These assets operate across Tron and Ethereum-based blockchain networks, which collectively represent a significant share of global stablecoin transaction volume.
Invisible Bridge Rail Settlement
Sokin enables businesses to transact in their local currencies, while the platform routes payments through stablecoin rails when appropriate. This approach allows the system to determine the most efficient settlement path without requiring user intervention.
Infrastructure for Fintech Platforms
The platform provides on/off ramp capabilities and embedded payment APIs, enabling third-party fintech platforms to offer stablecoin-powered services without developing their own banking or compliance infrastructure.
Ecommerce Payment Acceptance
Through Sokin Checkout, businesses can directly accept stablecoin payments from customers, supporting ecommerce transactions and enabling digital asset payment acceptance within existing merchant workflows.
Stablecoin Yield Capabilities
Sokin’s platform includes functionality that allows businesses to generate returns on stablecoin balances, integrating yield generation into treasury management workflows.
Phased Rollout Through 2026
Sokin stated that the launch represents the first phase of a broader rollout strategy scheduled throughout 2026.
Initial Phase (Live)
- Open stablecoin accounts
- Send and receive stablecoins
- Convert between fiat and stablecoins
Future Phases
Planned capabilities include:
- Stablecoin swap functionality
- Embedded payment acceptance expansion
- Stablecoin yield enhancements
- Expanded API infrastructure for third-party platforms
The company indicated that these additions will further extend the platform’s functionality across payments, treasury operations, and embedded financial services.
Acquisition of Genpaid
Sokin has completed the acquisition of Genpaid, a blockchain-native multichain payments and finance platform focused on stablecoins.
Genpaid provides:
- Non-custodial stablecoin payment infrastructure
- Multichain compatibility
- AI-compatible and agentic payment capabilities
- Integrations with protocols from Coinbase and Google
As part of the acquisition:
- Ross Kolodyazhnyi, founder of Genpaid, has joined Sokin
- He will serve as Senior Vice President, AI and Crypto Payments
- He will lead the development and expansion of Sokin’s stablecoin solutions
Sokin stated that the acquisition enables the company to own its full stablecoin technology stack, rather than relying on third-party infrastructure providers.
Leadership Statements
“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 Vroon Modgill, CEO and Founder of Sokin.
“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 Sokin, a company with unbelievable growth potential and ambition,” said Ross Kolodyazhnyi, Senior VP AI and Crypto Payments at Sokin.
Platform Design and Operational Integration
Sokin stated that its stablecoin capabilities are designed to remove the complexity typically associated with blockchain-based financial operations.
Key design elements include:
- No requirement for private key management
- No need to manage contract addresses
- No exposure to native blockchain transaction fees
Stablecoin wallets are integrated directly into the platform and operate alongside fiat accounts within the same dashboard. Finance teams can manage approvals, compliance, reporting, and reconciliation using the same tools across both asset types.
The platform is designed to unify treasury operations, enabling businesses to manage multi-currency and digital asset balances within a single operational environment.
Access and Enrollment
Businesses interested in accessing Sokin’s stablecoin capabilities can register for early access through:
The company indicated that access will expand progressively as additional features are introduced during the phased rollout.
About Sokin
Sokin is a global business payments and finance platform founded in 2019 with the objective of simplifying international payments by removing operational barriers associated with cross-border transactions.
The platform enables businesses to:
- Send and exchange more than 70 currencies
- Hold balances in 26 currencies
- Operate through multi-currency IBAN and local currency accounts
Sokin provides a unified platform for managing:
- Accounts payable
- Accounts receivable
- Treasury operations
The company is headquartered in the United Kingdom and operates offices in:
- United States
- Canada
- United Arab Emirates
- Singapore
- Mexico
- Norway
- India
More information is available at www.sokin.com.
Media Contact
For additional information, visit sokin.com.
Source Attribution
Source: Company announcement