#stablecoin

#stablecoin

SoFi Technologies (NASDAQ: SOFI) raised its full-year profit forecast on Tuesday after reporting record third-quarter results that beat Wall Street expectations, driven by fee revenue and more user growth across its financial products. CEO Anthony Noto said the company remains on track to launch crypto trading by the end of the year, with plans to roll out its own SoFi USD stablecoin in the first half of 2026 - marking its biggest step yet into the digital asset economy.

"It's no secret that President Trump, once a Bitcoin skeptic, has become a full-blown convert and that he and his family are using crypto to enrich themselves. What far fewer people understand is how Trump's crypto ventures are structured on a corporate level. On the latest episode of Crypto Playbook (available on Spotify, Apple, and YouTube), Fortune journalist Ben Weiss-who has covered the Trump crypto empire from the inside-broke down how it is in fact a stable of separate businesses."

The payment is far below the nearly $4.5 billion Celsius originally sought in bitcoin.

Leading crypto wallet provider MetaMask is launching its own stablecoin in partnership with payment giant Stripe Inc.'s stablecoin arm, Bridge, and decentralized stablecoin platform M0. MetaMask is a self-custodial crypto wallet developed by Consensys, a software company focused on building products tailored to the Ethereum blockchain. MetaMask counts more than 100 million users annually and is connected to tens of thousands of decentralized applications, platforms that run on blockchains.

During second-quarter earnings calls, executives at five of the six largest US banks said they've either launched stablecoin products or have plans to do so.

Our objectives aligned further as we deployed PYUSD in combination with our payments expertise, enabling greater commerce applications.

Circle is launching a payments network that is initially targeting remittances but is ultimately aiming to rival Mastercard and Visa.