SOFI

SoFi Technologies is launching a bank-issued stablecoin to its base of approximately 15 million users as part of a broader push into cryptocurrency services. The move marks a notable expansion of SoFi's product offerings into digital assets, leveraging its existing banking license and customer base. No financial terms or third-party partners were disclosed in the headline.

SoFi Technologies relaunched its crypto offering and generated $121.6 million in crypto-related revenue in Q1 2026. However, nearly the entirety of that revenue was consumed by associated costs, leaving minimal net contribution to the bottom line. The disclosure highlights the thin margin profile of SoFi's crypto segment despite strong top-line figures.

Mike Cagney, co-founder of SoFi, is working on a blockchain-based financial infrastructure project aimed at modernizing Wall Street's back-end systems. The article profiles his efforts to apply distributed ledger technology to institutional finance plumbing. No specific company earnings, deals, or regulatory actions are disclosed.

Following a significant market rebound, a Motley Fool author identifies five stocks as top buys: Nebius (up 76%) and CoreWeave (up 72%) lead the list, alongside major tech names including Alphabet, Amazon, and Meta. The article also highlights SoFi and Robinhood as part of the recommended picks, citing renewed momentum across the broader market.