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The tie-up brings stablecoin settlement into a major payments ecosystem, connecting a US bank with Mastercard’s global financial network.
SoFi's crypto transaction revenue hit $134.3M in Q2, up 10% from Q1, but remained small against $1.2B in adjusted net revenue as Payward expands into regulated infrastructure.
The gap between customer count and revenue shows how thin the unit economics still are for neobanks selling crypto at the retail layer.
Crypto still represents a sliver of SoFi's $1.2B quarterly net revenue, but William Blair sees the segment helping drive a product growth inflection across the fintech.
SoFi, one of the largest US digital banks, has officially opened access to its own crypto stablecoin for its entire…
SoFi, the $53 billion U.S. national bank, has launched what it claims is the first stablecoin ever issued by a…
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