SoFi's Stablecoin Soars, Boosting Revenue
Update: 2025-12-22
Description
SoFi Technologies stock surged as they launched SoFiUSD, their first stablecoin, marking a significant step in their blockchain expansion. Unlike competitors, SoFis status as a regulated national bank gives them an edge, focusing on real-world issues like payments and liquidity. Their third quarter results were impressive, with earnings per share doubling and revenue jumping 38%. SoFiUSD is expected to boost global transactions and provide white-label infrastructure to other banks, positioning them for long-term revenue growth.
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