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

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Deep Tide TechFlow News, April 30, according to Businesswire, Fintech company SoFi Technologies released its Q1 2026 financial report, with quarterly net revenue reaching $1.1 billion, a year-over-year increase of 41%, and net profit of $167 million, marking the tenth consecutive quarter of GAAP profitability.

SoFi disclosed that it is actively advancing digital asset infrastructure development, officially launching the full-reserve USD stablecoin SoFiUSD minting in Q1, and collaborating with partners such as Mastercard to support stablecoin settlement within the global payment network. Additionally, SoFi announced that it has rebooted its SoFi Plus membership program in April this year, adding benefits including cryptocurrency trading cashback.

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