SoFi Stock Surges 13% in May Amid New Stablecoin Launch
In May, SoFi Technologies (SOFI) stock rose by 13%, driven largely by the launch of its new stablecoin, SoFiUSD. The company also reported strong financial performance for Q1 2026, including a 41% year-over-year increase in adjusted net revenue and significant growth across lending segments.
Tickers: $SOFI
Topics: product launch revenue growth stablecoin stock performance