SoFi Stock Surges 13% in May Amid New Stablecoin Launch

In May 2026, SoFi Technologies (NASDAQ: SOFI) saw its stock rise by 13%, driven primarily by the launch of a new bank-issued U.S. dollar stablecoin called SoFiUSD. The company also reported strong first-quarter results with adjusted net revenue up 41% year-over-year and record member growth.

By Jennifer Saibil, The Motley Fool Tue, June 2, 2026 at 2:57 PM GMT+3 3 min read · Yahoo Finance · June 2, 2026, 11:57 UTC

SoFi Stock Surges 13% in May Amid New Stablecoin Launch

Tickers: $NVDA $SOFI

Topics: q1 performance sofi stock stablecoin launch

Read the full article at Yahoo Finance

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