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Shares of SoFi Technologies are dipping slightly Friday, pausing after a 13% monthly surge driven by product growth and crypto tailwinds.
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SoFi Technologies has partnered with Payward (Kraken's parent company) to integrate banking services with digital-asset markets. SoFiUSD stablecoin will be listed on Kraken, while Payward gains access to SoFi's Exchange Network for 24/7 dollar clearing. SoFi reported $300 million in SoFiUSD circulation in Q2 2026 and 388,336 crypto products, with net crypto revenues reaching $1.18 million.
SoFi shares are trending after it announced a partnership with Payward to link its banking infrastructure with Kraken's digital asset markets.
SoFi Technologies reported strong Q2 2026 results with 40% year-over-year revenue growth and 65% adjusted net income growth, reaching 15.8 million customers. However, the stock has declined 30% over the past year and trades 45% below its November 2025 peak. The primary concern for investors is credit risk, particularly from rapid growth in personal loan originations ($10.7 billion in Q2, up 54% YoY), which now represent 72% of total originations. While loan performance remains solid with a 3.7% net charge-off rate, continued strong quarterly results are needed to restore investor confidence.