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Wajeeh Khan

SOFI Stock Pops Following SoFi's Stablecoin Announcement. What to Know.

SoFi Technologies (SOFI) recently launched SoFiUSD, a bank-issued stablecoin that is now available for its members to buy, sell, hold, and convert directly within the SoFi app.

The launch is significant given it’s the first time a U.S. national bank-issued stablecoin has been made available on a banking platform.

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