SoFi Sees 10% Growth in Crypto Revenue as Stablecoin Business Expands

SoFi’s crypto transaction revenue rose 10% quarter over quarter in the second quarter, reaching $134.3 million as the fintech company continues expanding its digital asset offerings alongside its growing SoFiUSD stablecoin platform.

Crypto Remains Small but Growing Contributor

After accounting for $133.1 million in transaction costs, crypto activity generated $1.2 million in net revenue for the quarter, a notable increase from roughly $850,000 in the previous quarter. While crypto still represents a small slice of SoFi’s record $1.2 billion in quarterly adjusted net revenue, the company has steadily added new digital asset features since relaunching consumer crypto trading in late 2025.

SoFiUSD Expands Into Business Banking

During the quarter, SoFi’s Big Business Banking platform began processing transactions through its enterprise network using SoFiUSD, enabling commercial clients to transfer funds around the clock. The stablecoin was also rolled out to everyday banking app users in May, allowing them to buy, sell, hold and convert the dollar-pegged token across Ethereum and Solana. The company has additional plans for tokenized deposits, cross-border transfers and an institutional integration with crypto exchange Bullish.

Analysts Point to Broader Growth Momentum

Research firm William Blair maintained a positive rating on SoFi’s stock, noting the company appears to be entering a stronger phase of product adoption, citing an increase in products used per member. Separately, SoFi announced a new multi-year partnership with Notre Dame Athletics, including scholarship funding and a jersey sponsorship deal reported to be worth tens of millions annually.