SoFi Technologies Surges 12% on Stablecoin Launch; Robinhood, Upstart Extend Fintech Bounce
- On Friday, May 29, 2026, SoFi Technologies launched SoFiUSD, becoming the first U.S. bank-issued stablecoin with Mastercard settlement integration. Stock surged 12% to around $19.
- SoFi frames SoFiUSD as a 'bank-grade,' 1:1 redeemable U.S. dollar asset on a public blockchain, describing the rollout as a 'strategic entry into digital assets.' Members access it directly via the mobile app.
- SoFi's member count grew 35% in 2025 to 13.7 million, reflecting the firm's strategy of providing low-fee, digital-first products. This positions the company to compete with traditional financial institutions.
- Analysts compare SoFi against Latin American growth engine Nu Holdings, as both firms target technologically native customers. Nu Holdings reports a larger footprint with 131 million customers versus SoFi's 13.7 million.
- Federal Reserve oversight subjects SoFi to strict capital requirements, while the company relies on a limited number of loan purchasers. Competition from massive institutions like JPMorgan Chase compounds these challenges.
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SoFi Technologies vs. Nu: Which Financial Stock Is a Better Buy in 2026?
Key PointsSoFi Technologies is a leading U.S. digital financial platform with a growing member base of nearly 15 million.Nu has achieved explosive growth in Latin America, serving approximately 135 million customers across three countries.Which high-growth fintech stock offers the best value for your investment portfolio in 2026?10 stocks we like better than SoFi Technologies › Are you looking to add a digital banking disruptor to your portfolio…
SoFi Technologies Surges 12% on Stablecoin Launch; Robinhood, Upstart Extend Fintech Bounce
SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) stock is ripping in early Friday trading, up 12% to around $19, as investors react to the company’s push into bank-issued stablecoins. The pop builds on a fintech bounce that started earlier this week. The rally is extending across SoFi’s peers. Robinhood Markets (NASDAQ:HOOD) stock is ticking up ... SoFi Technologies Surges 12% on Stablecoin Launch; Robinhood, Upstart Extend Fintech Bounce
SoFi Technologies Launches First U.S. National Bank Stablecoin To Challenge Digital Finance Rivals
SoFi Technologies (NASDAQ: SOFI) is launching SoFiUSD, a stablecoin issued directly by its U.S. national bank unit, marking a significant step in the company’s digital finance strategy. The stablecoin will be integrated into SoFi’s core banking app, featuring tokenized deposits and cross-border transfer capabilities for its members. SoFiUSD is positioned as the first stablecoin issued by a U.S. national bank for use within its own retail banking…
SoFi stock warning: stablecoin faces major scaling headwinds
SoFi Technology (NASDAQ: SOFI) stock price popped on Friday after forming the highly bullish double-bottom pattern at $15. It soared to a high of $18.50, its highest point since April 28, up by 22% from its lowest point this year, as investors welcomed the new stablecoin.SoFi Technology stock technicals point to more gainsThe daily chart shows that the SoFi share price crashed and bottomed at $15, its lowest point in April and May this year. It …
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