# SoFi Stock Gains After Bank-Issued Stablecoin Launch

**Published:** 2026-05-27T14:40:56.000Z  
**Topic:** Solana  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/287f0619-e860-4eae-b523-4196397cacd7

SoFi Technologies stock rose after launching SoFiUSD on Ethereum and Solana, while reporting Q1 revenue that beat analyst expectations.

Shares of SoFi Technologies moved higher following the company’s launch of SoFiUSD, a stablecoin issued by its national bank subsidiary that operates on the Ethereum and Solana networks [1]. The digital asset is redeemable 1:1 for U.S. dollars and is backed by independent attestations from a U.S.-licensed CPA [1]. The stock gained over 2% at market open on Wednesday, while a subsequent report noted a rise of 5.01% the following day as investors reacted to the product rollout and earnings data [1, 2].

**Key takeaways**
*   SoFi launched SoFiUSD, which the company says is the first stablecoin issued by a U.S. national bank, available on Ethereum and Solana [1].
*   The company reported Q1 adjusted net revenue of $1.1 billion, beating consensus estimates of $1.05 billion, with EPS of $0.12 [2].
*   SoFi reaffirmed 2026 guidance targeting roughly 30% growth in members and revenue, aiming for $4.655 billion in adjusted net revenue [2].
*   Analysts at Morgan Stanley trimmed their price target to $16 with an underweight rating, while Citi lowered its target to $30 from $37 [2].

## SoFiUSD Bridges Banking and Blockchain
SoFiUSD is designed to combine the speed of blockchain with the trust of regulated banking, allowing users to buy, sell, hold, convert, and pay using the token [1, 2]. CEO Anthony Noto stated that people should not have to choose between blockchain technology and regulated banking products [1]. The infrastructure is provided by BitGo through its Stablecoin-as-a-Service platform [1]. The launch follows the GENIUS Act, signed into law last year, which established a federal regulatory framework for payment stablecoins [1]. Future phases include the ability to convert SoFiUSD into tokenized deposits that earn interest and carry FDIC insurance, as well as enabling cross-border transfers [1].

## Financial Performance and Market Context
The stablecoin rollout accompanies strong financial signals, with Q1 adjusted net revenue reaching $1.1 billion against a consensus of $1.05 billion [2]. Management reaffirmed a 2026 plan for roughly 30% growth in members and revenue, targeting $4.655 billion in adjusted net revenue [2]. Despite these metrics, SOFI shares have struggled in 2026, down nearly 40% year-to-date heading into Wednesday, with a 52-week high of $32.73 and a low

## Sources
1. Stocktwits — [SOFI Stock Gains After SoFiUSD Stablecoin Rollout On Ethereum ...](https://stocktwits.com/news-articles/markets/cryptocurrency/sofi-stock-gains-after-so-fi-usd-stablecoin-rollout-on-ethereum-solana/cZggOJERere)
2. Stockstotrade — [SOFI Stock Pops As SoFiUSD Stablecoin Launch Fuels Growth ...](https://stockstotrade.com/news/sofi-technologies-inc-sofi-news-2026_05_28/)

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Cite as: TrendWatcher, "SoFi Stock Gains After Bank-Issued Stablecoin Launch", https://www.trendwatcher.in/article/287f0619-e860-4eae-b523-4196397cacd7