SoFi seeks growth engine with $25 billion stablecoin initiative
SOFI SoFi Technologies Inc
$15.66 -0.63%
View chart & analysis → - 1SoFi is building a new payment layer centered around SoFiUSD.
- 2The company aims to shift over $25 billion in annual card transaction volume to SoFiUSD payments.
- 3The key will be whether this infrastructure attracts external companies and generates recurring fee and technology revenue.
So what's the key point?
SoFi is creating a new payment method to move $25 billion in annual card transactions. It will be important to see if they can attract outside companies to earn steady fees and technology revenue.
Source The Motley Fool +1 · View original ↗
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