SoFi (SOFI) Stock Surges Over 17% in Five Days Amid Stablecoin Launch and Macro Developments

SoFi's stock rose over 17%, closing at $18.22 on May 29, driven by the launch of its SoFiUSD stablecoin and a favorable macroeconomic outlook reducing rate hike expectations. The surge was supported by high trading volume and short-covering dynamics.

By Trefis Team Mon, June 1, 2026 at 4:55 PM GMT+3 4 min read · Yahoo Finance · June 1, 2026, 13:55 UTC

Tickers: $MSFT $SOFI

Topics: fintech market_rally SOFI SoFiUSD stablecoin

Read the full article at Yahoo Finance

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