SoFi Rises 3% as the Stablecoin Trade Pulls Fintech Into the Crypto Bid, Coinbase Climbs 5%
SoFi Technologies (SOFI) and Coinbase Global (COIN) rose 3% and 5% respectively, driven by stablecoin sector rotation. SoFiUSD, SoFi's stablecoin, has $300M in circulation, while Coinbase's USDC hit a record $20B. Affirm Holdings (AFRM), with no crypto exposure, saw minimal gains, indicating the rally is crypto-specific.






