SoFi Launches Stablecoin, Shares Surge
Update: 2025-12-18
Description
SoFi Technologies shares surged by nearly five percent following the launch of SoFiUSD, a stablecoin backed by the U.S. dollar. This move positions SoFi as a key provider of financial infrastructure, offering faster and more efficient money transfers. The companys shares have been climbing since the start of the year, with analysts raising their price targets, as lower interest rates could boost SoFis valuation.
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