SoFi Q1 Earnings Report: Official Launch of SoFiUSD Stablecoin Minting, Net Revenue Reaches $1.1 Billion

BlockBeats News, April 30th, according to Businesswire, fintech company SoFi Technologies released its first quarter 2026 financial report, with quarterly net revenue reaching $11 billion, a 41% year-over-year increase, and net income of $167 million, achieving its tenth consecutive quarter of GAAP profitability.

SoFi disclosed that it is currently advancing its digital asset infrastructure construction. It officially launched the fully reserved US dollar stablecoin SoFiUSD minting in the first quarter and is collaborating with partners such as Mastercard to support stablecoin settlements in the global payment network. Furthermore, SoFi also announced the relaunch of its SoFi Plus membership program in April this year, adding new benefits including cryptocurrency trading cashback.