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Larry Ramer

SoFi Just Landed a New Stablecoin Partnership with Mastercard. Does That Make SOFI Stock a Buy Here?

SOFI MA Mastercard SoFi Stock Anthony Noto

SoFi Technologies (SOFI) and Mastercard (MA) recently agreed to allow SoFi's stablecoin, SoFiUSD, to be settled on Mastercard's payments network. However, there are reasons to believe that the deal will not move the needle for SOFI stock. Further, SOFI stock may pose a relatively high level of risk for investors. As a result of these issues, investors may want to avoid shares at this point.

Let's take a closer look at what's going on with SoFi.

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