SoFi reenters cryptocurrency market with blockchain remittances and plans for stablecoin offerings

From Cointelegraph

June 25, 2025 11:55 PM:

SoFi Technologies reenters the cryptocurrency market, offering trading and onchain remittances after exiting due to regulatory challenges. Plans include stablecoin offerings, borrowing against assets, payment options expansion, and new staking features for customers, with a focus on blockchain innovation. CEO Noto sees potential for blockchain, crypto, and AI in financial services. The fintech blockchain industry is projected to grow to $49 billion by 2030.

SoFi previously left the crypto industry in 2023 to obtain a bank charter under stricter regulations. Regulatory environment has eased, with stablecoin legislation in Congress and Federal Reserve reducing “reputational risk.” Stock (SOFI) has gained 12% in the past week. SoFi’s Galileo finance platform will support third-party crypto infrastructure.

Read more at Cointelegraph: SoFi Returns To Crypto Trading With Blockchain Remittances