SoFi Q1 Earnings Report: Officially Launches Stablecoin SoFiUSD Minting, Net Revenue Reaches $1.1 Billion

SoFi Q1 Earnings Report: Officially Launches Stablecoin SoFiUSD Minting, Net Revenue Reaches $1.1 Billion

2026-04-30 13:19View Original

ChainThink News: According to Businesswire, fintech company SoFi Technologies has released its Q1 2026 financial results, reporting a quarterly net revenue of $1.1 billion, up 41% year-over-year, and a net profit of $167 million, marking the tenth consecutive quarter of GAAP profitability.

The company officially launched full-reserve USD stablecoin SoFiUSD minting in Q1, while collaborating with partners such as Mastercard to enable stablecoin settlement within global payment networks.

Additionally, SoFi relaunched its SoFi Plus membership program this April, introducing new benefits including cashback on cryptocurrency trading.

Disclaimer: Contains third-party opinions, does not constitute financial advice

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