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

Odaily Financial technology company SoFi Technologies released its Q1 2026 earnings report, achieving a record quarterly net revenue of $1.1 billion, a 41% year-over-year increase. Net income reached $167 million, marking the tenth consecutive quarter of GAAP profitability.

SoFi stated that it is continuously advancing its digital asset infrastructure. In the first quarter, it officially launched the minting of its fully-reserved USD stablecoin, SoFiUSD, while simultaneously developing settlement capabilities. In collaboration with partners such as Mastercard, it will support stablecoin settlement within the global payment network. Additionally, SoFi has relaunched its SoFi Plus membership program, adding new benefits including cashback on cryptocurrency purchases. (Businesswire)