🟢 SOFI surges 14.2% on regulated stablecoin launch and UK fintech acquisition

SOFI is trading 14.2% up at $19.38 after the company announced two major strategic developments that are exciting investors.

• The company has launched SoFiUSD, becoming the first U.S. national bank to issue a regulated stablecoin directly available to members within its app.
• SoFi also announced it has acquired PrimaryBid, a UK-based fintech platform that allows retail investors to access IPOs and corporate fundraisings.
• These moves are seen as significant expansions into digital assets and international capital markets, providing potential new revenue streams.