Following a record third quarter and raised profit forecast, SoFi will relaunch crypto trading by year-end and introduce a USD stablecoin in early 2026.
According to an official statement, SoFi Technologies reported record Q3 revenue of $950 million, up 38% year-over-year, surpassing analyst estimates of $886.6 million. Adjusted profit more than doubled to $0.11 per share, beating the $0.08 forecast. CEO Anthony Noto confirmed plans to launch cryptocurrency trading, including Bitcoin, by the end of 2025 and roll out a USD-pegged stablecoin in the first half of 2026. The announcement follows SoFi's June reintroduction of spot crypto trading and plans for a blockchain-based global remittance service, emphasizing blockchain and digital assets as integral to its growth strategy.