CMB Stock News Of The Day 📰🗞️🗞️📈📉

“SoFi Surges After Rolling Out Stablecoin Access to 15 Million Users” 🚨🚨🚨

SoFi Technologies shares jumped sharply after the company announced a major expansion into digital assets, giving its 15 million members access to its new stablecoin, SoFiUSD.

The move marks one of the most significant steps yet by a US-based bank-affiliated fintech into blockchain-based payments, and investors responded with strong buying interest as the stock climbed more than 7% in early trading.

SoFiUSD is designed to function as a regulated stablecoin integrated directly into the company’s banking app, allowing users to move funds more quickly and efficiently within SoFi’s ecosystem.

The company also plans to enable conversions between SoFiUSD and tokenized bank deposits, as well as expand availability through partnerships, including a planned rollout on the centralized crypto exchange Bullish.

Initially, SoFiUSD is supported on major blockchain networks including Ethereum and Solana, with plans to expand to additional chains over time.

CEO Anthony Noto framed the initiative as a bridge between traditional banking and blockchain infrastructure, emphasizing that customers no longer need to choose between regulated financial services and crypto-native technology.

The launch also comes amid accelerating growth in the stablecoin sector.

Since the passage of the GENIUS Act, stablecoin market capitalization has reportedly surged nearly 24%, reaching over $320 billion, according to data from DeFi analytics platforms.

Stablecoins have become a central part of the broader digital asset ecosystem, enabling faster settlement, lower-cost transfers, and expanded use cases in payments, trading, and decentralized finance.

For SoFi, the rollout represents a strategic effort to deepen customer engagement while positioning itself at the intersection of fintech, banking, and blockchain innovation.

Investors appear to be betting that early entry into regulated stablecoin infrastructure could become a long-term growth driver as digital payments continue evolving.