Sokin, a global business payments platform based in the UK, has introduced stablecoin capabilities into its existing platform. This move comes along with the acquisition of Genpaid, a multichain non-custodial crypto payments company.

By integrating these new features, Sokin aims to create a hybrid finance platform that combines traditional currency treasury operations with stablecoin accounts and settlement rails through a unified dashboard.

The initial phase of this rollout, set for 2026, will allow select clients to open stablecoin accounts. They can then send, receive digital assets, and convert between traditional currencies and stablecoins. Future phases include adding stablecoin swap functionality, embedding payment acceptance capabilities for merchants, offering stablecoin yield services, and enhancing API infrastructure.

Stablecoin Offering Design and Genpaid Acquisition

Sokin has structured its stablecoin offering to simplify the management of digital assets. Users will have access to both stablecoin wallets and traditional currency accounts in one dashboard, with unified tools for approvals, compliance, reporting, and reconciliation.

The platform supports USDC, USDT, USDS, PYUSD, and EURC across Tron and Ethereum-based blockchain networks. Sokin ensures seamless on/off ramp connectivity to more than 170 countries. Its bridge rail settlement capability enables businesses to send and receive funds in local currencies while leveraging stablecoin rails for the fastest or most cost-effective route.

With the acquisition of Genpaid, Sokin has brought multichain stablecoin payment infrastructure in-house. This includes AI-compatible and agentic payment capabilities built on protocols from Coinbase and Google. Ross Kolodyazhnyi, founder of Genpaid, now serves as Senior VP of AI and Crypto Payments at Sokin. This acquisition allows Sokin to own its full stablecoin technology stack rather than relying on third-party infrastructure.

According to Vroon Modgill, the CEO and Founder of Sokin, their objective is to make the choice of payment rail invisible for businesses, with optimal routing happening automatically. Kolodyazhnyi emphasizes that combining Genpaid’s multichain infrastructure with Sokin’s regulated platform creates a unique value proposition for business clients.