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SoFi Expands Into Crypto With SoFiUSD To Grow Fee Based Business

SoFi Expands Into Crypto With SoFiUSD To Grow Fee Based Business

  • SoFi Technologies (NasdaqGS:SOFI) has launched SoFi Crypto, offering in-house crypto trading to its members.
  • The company introduced SoFiUSD, a fully reserved stablecoin designed to support payments and digital asset transactions.
  • SoFi, a federally chartered, FDIC-insured bank, is providing infrastructure for banks, fintechs, and enterprises to use SoFiUSD.

SoFi Technologies, best known for its digital banking, lending, and investing platform, is pushing deeper into digital assets through SoFi Crypto and SoFiUSD. For you as an investor, this means the business is expanding beyond its core of loans, deposits, and brokerage into on-platform crypto trading and blockchain based payment rails.

The move could allow SoFi to participate in…

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