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According to Businesswire, fintech company SoFi Technologies released its first-quarter 2026 financial results, reporting quarterly net revenue of $1.1 billion, a 41% year-on-year increase, and net income of $167 million—marking its tenth consecutive quarter of GAAP profitability. SoFi disclosed that it is actively advancing its digital asset infrastructure, having officially launched the minting of its fully reserved U.S. dollar-pegged stablecoin, SoFiUSD, in Q1. It is also collaborating with partners such as Mastercard to support stablecoin settlement across global payment networks. Additionally, SoFi announced the relaunch of its SoFi Plus membership program in April this year, introducing new benefits including cashback on cryptocurrency transactions.
Odaily News SoFi announced that its crypto business now supports XRP deposits, but the temporary inability to withdraw XRP to external wallets has sparked user dissatisfaction.Currently, users can only hold or trade XRP within the platform and cannot transfer it out to on-chain wallets. This design has been criticized by some users as an "ETF-like model," arguing that it only provides price exposure without truly connecting to the crypto ecosystem.SoFi stated that it will enable withdrawal functionality in the future but has not provided a specific timeline.