SoFi Starts Settling Card Payments With Its Own Stablecoin on Mastercard
SoFi is the first bank to go live with SoFiUSD card settlement on Mastercard, migrating a program expected to top $25B in annualized volume.
SoFi is the first bank to go live with SoFiUSD card settlement on Mastercard, migrating a program expected to top $25B in annualized volume.
SoFi and Payward link banking rails with Kraken. KBW sees wider SoFiUSD access and better crypto prices in the SoFi app.
The company keeps growing by offering loans, banking and investing in one app, encouraging customers to use more services over time.
SoFi beats Q2 estimates, raises revenue guidance to $4.75-4.85B but holds profit targets flat. Shares dip premarket on mixed guidance.
SoFi just dropped SoFiUSD — the first stablecoin issued by a U.S. national bank, now live for 15 million members. SOFI stock jumps as tokenized deposits, multi-chain & Bullish exchange plans roll out.
SoFi is buying UK fintech PrimaryBid, which helped retail investors join IPOs, as UK market slows and US grows.