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-0.000183789744532219 0.000433743797096156 0.00257305642345158 0.00428597684249213 0.00330821540158059 -0.000702076824113276 0.00521962874471602 0.00521962874471602
Stock impact report

SoFi Just Launched Its Stablecoin. What Does That Mean for the SOFI Stock Bull Case? [Yahoo! Finance]

SoFi Technologies, Inc. (SOFI) 
Company Research Source: Yahoo! Finance
This is a major development in its overall blockchain strategy. This development comes on the heels of SoFi Technologies launching SoFi Crypto. It seems like SoFi Technologies has embarked on accelerating its expansion plan in the crypto space. Although stablecoins are not uncommon in today's crypto community, this announcement is remarkable because SoFi is launching with the distinct advantage and competitive edge of being a regulated national bank. In fact, as announced by management, they are not launching a product for speculative purposes but to address true inefficiencies in payment flows, settlement, and movement of liquidity. The market has reacted favorably to this announcement as merely an extension of SoFi's increasing fee-based and technology-driven business lines. Chevron Could Raise Its Dividend Next Month - CVX Stock Looks Too Cheap As Google Launches Gemini 3 Flash, Should You Buy, Sell, or Hold GOOGL Stock? Analysts Are Hot on the Foldable iPhone. Should You B Show less Read more
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