SoFi Technologies (SOFI) stock rose after launching its first stablecoin, SoFiUSD, as part of its blockchain strategy. The company aims to address payment inefficiencies and leverage its regulated national bank status. With a market cap of $32 billion, SoFi has seen volatile stock performance but strong financial results. Q3 2025 earnings doubled year-over-year, with net revenue up 38% and membership growing to 12.6 million. Analysts have a “Hold” rating on SOFI stock with a price target of $27.69, reflecting uncertainty about future growth and profitability. The introduction of SoFiUSD is seen as part of a broader strategy to drive revenue growth through infrastructure monetization.

Read more at Barchart: SoFi Just Launched Its Stablecoin. What Does That Mean for the SOFI Stock Bull Case?