CryptoThe Motley Fool3 days ago
SoFi Launches First U.S. Bank Stablecoin
1 min read
SoFi Technologies launched SoFiUSD, the first U.S. bank-issued stablecoin available directly on a banking app. The fintech reported record Q1 revenue of $1.1 billion and net income of $167 million. SoFi stock surged 16% after stablecoin details were released in late May.
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