SoFi Technologies Launches SoFiUSD Stablecoin for 15M Users
SoFi Technologies made history as the first U.S. national bank to put a chartered stablecoin directly into consumers' hands, opening SoFiUSD to nearly 15M app users for buy, sell, hold, and convert, a structural milestone that redraws the competitive map for fintechs, traditional banks, and stablecoin issuers alike. On the treasury front, DDC Enterprise and Genius Group both added to or expanded their bitcoin strategies. In infrastructure, TeraWulf closed a 1 GW-capable Kentucky data campus acquisition and IREN committed approximately $1.6B to Dell Technologies for Blackwell GPU hardware to power a $3.4B AI cloud contract. Streamex and Orca went live with 24/7 on-chain secondary market trading for a tokenized gold security on Solana, an early proof-of-concept for always-on real world asset liquidity. Stay up on the crypto news that matters with "Crypto Currents," daily from The Fly. Join us at 2 PM ET for your essential briefing on the fast-moving world of cryptocurrency on FlyCast radio.SOFI'S STABLECOIN GOES LIVE:SoFi Technologiesmade SoFiUSD available to its nearly 15M app members for buy, sell, hold, and convert functions inside the SoFi app, with full rollout expected by early June,confirmed. The stablecoin is issued under SoFi's national bank charter, giving it a regulatory distinction no other consumer stablecoin currently holds. The bank-charter backing separates SoFiUSD from non-bank stablecoin issuers such as Circle'sUSD Coinand Tether, placing SoFi Technologies at the intersection of the pending GENIUS Act stablecoin framework and the chartered-bank regulatory channel.framed the key investor question as whether mass retail adoption will materialize for a bank-digital-dollar product competing against embedded fintech wallets already in users' daily flows.BITCOIN TREASURY MOVES:DDC Enterprisedisclosed its second bitcoin purchase in seven days, adding 131 bitcoin to bring its corporate treasury to 2,714 bitcoin, with no new common shares issued in connection with the buy,revealed. The sequential non-dilutive accumulation lifted bitcoin per 1,000 DDC Enterprise shares by 5.1% to 0.057053, a per-share bitcoin yield metric DDC Enterprise has adopted directly from the Strategyplaybook.Genius Groupalso moved, with its board approving a dual bitcoin and AI treasury model targeting an initial $100M deployment into a pre-IPO portfolio it calls the AGI Infinity Portfolio, with a five-year target of $800M,announced, naming SpaceX, OpenAI, Anthropic, Figure AI, Replit, Anduril, and Databricks as target exposures.MINER AND INFRASTRUCTURE EXPANSION:TeraWulfclosed the acquisition of the Muskie Data Campus in eastern Kentucky from Industrial Equity Partners effective May 22, adding a 285-acre site capable of supporting more than 1 GW of AI/HPC data center capacity,disclosed. Kentucky Power, a unit of American Electric Power, is constructing a 345 kV substation connected to the 765 kV transmission backbone, with the first 500 MW tranche targeted for the second half of 2028 and the next 500 MW for the second half of 2030.IRENentered into an approximately $1.6B purchase agreement with Dell Technologiesfor air-cooled NvidiaBlackwell GPU systems to service its previously announced $3.4B five-year managed services AI cloud contract,revealed. The systems will deploy at IREN's Childress, Texas campus with commissioning targeted for early 2027, at which point the company expects its AI cloud annualized recurring revenue to rise from $3.7B to $4.4B.TOKENIZED ASSETS GO 24/7:Streamexand Solana-based automated market maker Orca launched continuous decentralized secondary market trading for GLDY, a gold-backed, yield-bearing tokenized security,. The structure provides institutional on-chain liquidity around the clock through a real-world asset tokenization model that bypasses traditional exchange hours. The deployment represents an early live example of the tokenized-security infrastructure that large custodians and broker-dealers have been positioning toward, with continuous pricing and settlement removing the settlement-cycle friction that has been a practical barrier for institutional RWA adoption. Solanaserves as the underlying settlement layer.PRICE ACTION:As of time of writing, bitcoinwas trading at $74,894.59, while etherwas trading at $2,059.21,.
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SoFi Platform Attracts Millions of New Customers
- Customer Growth Momentum: SoFi has set a record for customer additions over the past six quarters, demonstrating the effectiveness of its low-cost, high-growth model, even as its stock has dropped 38% this year, indicating a growing customer base and profitability.
- Profitability Improvement: SoFi's earnings per share (EPS) grew by 100% year-over-year in Q1 2026, with a 160% increase from 2024 to 2025, suggesting a steady improvement in its profitability model despite increased market volatility.
- Market Valuation Analysis: Currently, SoFi's stock trades at a price-to-earnings ratio of 35, which, while relatively low, still reflects market caution regarding its future growth potential in the high-growth stock category.
- Future Growth Expectations: Assuming SoFi can maintain a 30% compound annual growth rate, EPS is projected to reach $1.44 by 2030, and with a P/E ratio of 30, the stock price could approach $43, nearly tripling from its current price, indicating significant long-term investment potential.
SoFi Launches First Bank-Issued Stablecoin, Stock Rises 12%
- Stablecoin Launch: SoFi Technologies has launched 'SoFiUSD,' the first U.S. national bank-issued stablecoin available directly through a banking app, aiming to combine the speed of blockchain with the trust of a bank, which is expected to attract more users and enhance market competitiveness.
- Consumer Spending Rebound: The company's first Galileo Debit Spend Index indicates a sharp rebound in U.S. consumer spending in March, showcasing consumer resilience despite rising costs, which could drive future business growth and improve overall market sentiment.
- Stock Volatility: Despite a premarket surge of over 12% to around $19, the stock remains down approximately 7.57% over the past month, lagging behind the S&P 500's 5.95% gain during the same period, reflecting cautious market sentiment regarding its long-term performance.
- Technical Indicator Improvement: Technically, while the stock remains below the key resistance level near $20, the MACD indicator has turned positive again, signaling that bullish momentum is building in the short term, potentially providing trading opportunities for investors.
Comparative Analysis of Digital Banking: SoFi vs. Nu
- SoFi Financial Performance: SoFi Technologies reported a revenue of $3.6 billion for FY 2025, marking a 35% increase, with a net income of approximately $481.3 million and a net margin of about 13%, indicating robust growth and profitability in the U.S. market.
- Nu's Market Expansion: Nu's revenue climbed to $16.3 billion in FY 2025, reflecting a 45% growth rate, with a net income nearing $2.9 billion and a net margin of approximately 18%, showcasing strong performance and rapid customer base expansion in Latin America.
- Risk Comparison: SoFi faces risks from reliance on a limited number of loan purchasers and scrutiny from regulators, while Nu contends with fierce competition in the Latin American market and vulnerabilities to economic instability and foreign exchange fluctuations.
- Valuation Comparison: SoFi's forward P/E stands at 26.7x compared to Nu's 14.7x, indicating that Nu appears more attractive in terms of valuation, prompting investors to consider their risk tolerance when making investment decisions.
SOFI Stock Rebounds as Stablecoin Launch Gains Attention
- Stock Rebound: SOFI shares surged nearly 12% after rebounding from a crucial support zone, which, if broken, could have sent the stock to its lowest levels since June 2025, indicating strong investor confidence and interest in the stock.
- Technical Indicator Test: The stock is set to test its 100-day moving average for the first time in over five months, and a successful breakout above the key resistance level of $19.6 could trigger significant upward momentum, enhancing market optimism about its future performance.
- Stablecoin Launch: SoFi Technologies introduced its first stablecoin, SoFiUSD, which is backed 1:1 by U.S. dollars and operates on both Ethereum and Solana, with future phases planned for interest-bearing tokenized deposits and cross-border payments, potentially boosting the company's competitive edge in the fintech space.
- Market Sentiment Shift: Retail sentiment around SOFI shifted from neutral to extremely bullish, with traders anticipating that a close above the gap zone between $18.31 and $18.36 could trigger multiple days of significant price movement, reflecting strong expectations for the stock's short-term performance.
Analysis of SpaceX IPO Preparation Status
- IPO Preparation Progress: SpaceX is preparing for its highly anticipated initial public offering (IPO), expected to list on June 12 under the symbol SPCX on the Nasdaq, marking a significant milestone for the company's financing and expansion efforts.
- Retail Investor Participation: While institutional investors will receive the largest IPO allocations, retail investors can also request shares during the offering window through select brokerages partnering with SpaceX's underwriters, demonstrating the company's openness to everyday investors.
- Participation Conditions and Process: For instance, clients of Charles Schwab must submit a conditional offer to purchase before pricing, with a minimum account balance of $100,000, while Robinhood and SoFi users can participate without a minimum balance, reflecting varying requirements across platforms.
- Investment Risk Advisory: Although IPOs offer high return potential, investors must recognize that allocations are limited and high demand may lead to partial fills, while newly public companies often experience extreme price volatility, necessitating a cautious approach to this high-risk investment.
SoFi Technologies Reports Strong Q1 2026 Results Amid Stock Decline
- Customer Growth Continues: SoFi has set a new record for customer add-ons with 1.1 million in Q1 2026, demonstrating the effectiveness of its cross-sell strategy, and despite the stock decline, the expansion of its customer base lays a solid foundation for future growth.
- Profitability Improvement: The earnings per share (EPS) grew by 100% year-over-year in Q1 2026, following a 160% increase from 2024 to 2025, indicating that the company has achieved profitability under its high-growth model, which boosts investor confidence.
- Market Valuation Appears Reasonable: With a current P/E ratio of 35, SoFi's stock remains relatively cheap compared to other high-growth stocks despite its recent decline, providing an attractive opportunity for future investors amid economic fluctuations.
- Long-Term Growth Potential: Assuming SoFi maintains a 30% compound annual growth rate over the next five years, the EPS is projected to reach $1.44 by 2030, and with a P/E ratio of 30, the stock price could approach $43, nearly tripling from today's price, highlighting its long-term investment value.
SoFi Platform Attracts Millions of New Customers
- Customer Growth Momentum: SoFi has set a record for customer additions over the past six quarters, demonstrating the effectiveness of its low-cost, high-growth model, even as its stock has dropped 38% this year, indicating a growing customer base and profitability.
- Profitability Improvement: SoFi's earnings per share (EPS) grew by 100% year-over-year in Q1 2026, with a 160% increase from 2024 to 2025, suggesting a steady improvement in its profitability model despite increased market volatility.
- Market Valuation Analysis: Currently, SoFi's stock trades at a price-to-earnings ratio of 35, which, while relatively low, still reflects market caution regarding its future growth potential in the high-growth stock category.
- Future Growth Expectations: Assuming SoFi can maintain a 30% compound annual growth rate, EPS is projected to reach $1.44 by 2030, and with a P/E ratio of 30, the stock price could approach $43, nearly tripling from its current price, indicating significant long-term investment potential.
SoFi Launches First Bank-Issued Stablecoin, Stock Rises 12%
- Stablecoin Launch: SoFi Technologies has launched 'SoFiUSD,' the first U.S. national bank-issued stablecoin available directly through a banking app, aiming to combine the speed of blockchain with the trust of a bank, which is expected to attract more users and enhance market competitiveness.
- Consumer Spending Rebound: The company's first Galileo Debit Spend Index indicates a sharp rebound in U.S. consumer spending in March, showcasing consumer resilience despite rising costs, which could drive future business growth and improve overall market sentiment.
- Stock Volatility: Despite a premarket surge of over 12% to around $19, the stock remains down approximately 7.57% over the past month, lagging behind the S&P 500's 5.95% gain during the same period, reflecting cautious market sentiment regarding its long-term performance.
- Technical Indicator Improvement: Technically, while the stock remains below the key resistance level near $20, the MACD indicator has turned positive again, signaling that bullish momentum is building in the short term, potentially providing trading opportunities for investors.
Comparative Analysis of Digital Banking: SoFi vs. Nu
- SoFi Financial Performance: SoFi Technologies reported a revenue of $3.6 billion for FY 2025, marking a 35% increase, with a net income of approximately $481.3 million and a net margin of about 13%, indicating robust growth and profitability in the U.S. market.
- Nu's Market Expansion: Nu's revenue climbed to $16.3 billion in FY 2025, reflecting a 45% growth rate, with a net income nearing $2.9 billion and a net margin of approximately 18%, showcasing strong performance and rapid customer base expansion in Latin America.
- Risk Comparison: SoFi faces risks from reliance on a limited number of loan purchasers and scrutiny from regulators, while Nu contends with fierce competition in the Latin American market and vulnerabilities to economic instability and foreign exchange fluctuations.
- Valuation Comparison: SoFi's forward P/E stands at 26.7x compared to Nu's 14.7x, indicating that Nu appears more attractive in terms of valuation, prompting investors to consider their risk tolerance when making investment decisions.
SOFI Stock Rebounds as Stablecoin Launch Gains Attention
- Stock Rebound: SOFI shares surged nearly 12% after rebounding from a crucial support zone, which, if broken, could have sent the stock to its lowest levels since June 2025, indicating strong investor confidence and interest in the stock.
- Technical Indicator Test: The stock is set to test its 100-day moving average for the first time in over five months, and a successful breakout above the key resistance level of $19.6 could trigger significant upward momentum, enhancing market optimism about its future performance.
- Stablecoin Launch: SoFi Technologies introduced its first stablecoin, SoFiUSD, which is backed 1:1 by U.S. dollars and operates on both Ethereum and Solana, with future phases planned for interest-bearing tokenized deposits and cross-border payments, potentially boosting the company's competitive edge in the fintech space.
- Market Sentiment Shift: Retail sentiment around SOFI shifted from neutral to extremely bullish, with traders anticipating that a close above the gap zone between $18.31 and $18.36 could trigger multiple days of significant price movement, reflecting strong expectations for the stock's short-term performance.
Analysis of SpaceX IPO Preparation Status
- IPO Preparation Progress: SpaceX is preparing for its highly anticipated initial public offering (IPO), expected to list on June 12 under the symbol SPCX on the Nasdaq, marking a significant milestone for the company's financing and expansion efforts.
- Retail Investor Participation: While institutional investors will receive the largest IPO allocations, retail investors can also request shares during the offering window through select brokerages partnering with SpaceX's underwriters, demonstrating the company's openness to everyday investors.
- Participation Conditions and Process: For instance, clients of Charles Schwab must submit a conditional offer to purchase before pricing, with a minimum account balance of $100,000, while Robinhood and SoFi users can participate without a minimum balance, reflecting varying requirements across platforms.
- Investment Risk Advisory: Although IPOs offer high return potential, investors must recognize that allocations are limited and high demand may lead to partial fills, while newly public companies often experience extreme price volatility, necessitating a cautious approach to this high-risk investment.
SoFi Technologies Reports Strong Q1 2026 Results Amid Stock Decline
- Customer Growth Continues: SoFi has set a new record for customer add-ons with 1.1 million in Q1 2026, demonstrating the effectiveness of its cross-sell strategy, and despite the stock decline, the expansion of its customer base lays a solid foundation for future growth.
- Profitability Improvement: The earnings per share (EPS) grew by 100% year-over-year in Q1 2026, following a 160% increase from 2024 to 2025, indicating that the company has achieved profitability under its high-growth model, which boosts investor confidence.
- Market Valuation Appears Reasonable: With a current P/E ratio of 35, SoFi's stock remains relatively cheap compared to other high-growth stocks despite its recent decline, providing an attractive opportunity for future investors amid economic fluctuations.
- Long-Term Growth Potential: Assuming SoFi maintains a 30% compound annual growth rate over the next five years, the EPS is projected to reach $1.44 by 2030, and with a P/E ratio of 30, the stock price could approach $43, nearly tripling from today's price, highlighting its long-term investment value.
