Cv

SoFi Blockchain Bet And Stablecoin Launch Tested Against Valuation Concerns

SoFi Technologies (NasdaqGS:SOFI) has introduced blockchain-enabled cross-border payments using the Bitcoin Lightning Network. The company has also launched its own stablecoin, SoFiUSD, aimed at supporting faster and lower-cost international transfers. These new products are positioned to target the remittance market and expand SoFi's role in decentralized finance. SoFi shares last closed at $19.54. The stock has shown a 20.8% return over the past year, while also recording a 25.2% decline...
SoFi Blockchain Bet And Stablecoin Launch Tested Against Valuation Concerns

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet