The stablecoin trade is spilling out of pure-crypto names and into fintech on Tuesday, with the SoFiUSD link putting SoFi Technologies (NASDAQ:SOFI | SOFI Price Prediction) squarely in the same bid that’s lifting exchanges. This move looks like sector rotation, not a company-specific catalyst.

The ARK Blockchain & Fintech Innovation ETF (CBOE:ARKF) is up 2% to $46.44 midday Tuesday, outpacing the Invesco QQQ Trust (NASDAQ:QQQ), which is up 0.42% to $709.32. That gap is an indication that this is a crypto-linked fintech move rather than a broad tech rally.

SoFi Technologies stock is up 3% to $18.83 on the session. Meanwhile, Coinbase Global (NASDAQ:COIN) shares are climbing 5% to $188.11,…