"Shares of fintech firm SoFi Technologies ( NASDAQ:SOFI) had a solid 2025, with around 95% worth of gains, beating both the S&P 500 and Nasdaq 100 by a wide margin. Undoubtedly, much of the year's gains have been heavily front-loaded. With shares flatlining over the past four months, investors might be wondering if the market darling is ready for a plunge as the tech trade looks to consider its next moves."
"There's no question that SoFi's stablecoin is a force to be reckoned with, thanks in part to its 1:1 backing by cash held at the Federal Reserve. When it comes to stablecoin, it really doesn't get stabler than such backing by the Fed. Though investors were excited about the launch, I think there's more room to the upside, especially if SoFiUSD becomes the prime taker of market share in the stablecoin scene."
SoFi Technologies gained about 95% in 2025, outperforming the S&P 500 and Nasdaq 100. Much of the year's gains were front-loaded and shares have been flat for the past four months, raising short-term risk. The company posted several quarters of sustained profitability and a record first quarter. SoFi launched SoFiUSD, a stablecoin backed 1:1 by cash held at the Federal Reserve, which reduces liquidity and credit risks. SoFiUSD could attract crypto investors seeking credible dollar-backed assets and drive additional business if it captures significant market share. Anthony Noto views blockchain as a technology supercycle that will change finance.
Read at 24/7 Wall St.
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