Elon Musk denied reports that SpaceX’s IPO would exclude Robinhood and SoFi, emphasizing that retail investors still have an opportunity to participate. SpaceX plans to set aside 30% of the IPO shares for retail investors, estimating fundraising of up to $75 billion. The market is expected to remain stable, and younger investors will continue to invest in high-growth technology companies.

A short-seller report by Muddy Waters accuses SoFi’s management of inflating profits, taking bonuses, and claims that its $312 million borrowing was incorrectly recorded as loan sales, potentially leading to a restatement of financial data and shareholders facing a 15% dilution risk. The report says the accounting treatment does not align with the role described by JPMorgan.

BitGo announces that its subsidiary, BitGo Bank & Trust, will provide stablecoin infrastructure services for SoFiUSD to support its distribution. SoFiUSD is the first USD stablecoin issued by SoFi Bank on a public blockchain, and BitGo will provide technical and operational support through its platform.

The first nationwide licensed bank in the United States to offer Bitcoin trading, SoFi, plans to launch SoFiUSD as a settlement currency through Mastercard. The Galileo technology platform will provide this settlement option to customers, and both parties will also explore the interoperability applications between stablecoins and fiat currencies.

BlockBeats News, February 28 — SoFi, the United States' first nationwide chartered bank offering Bitcoin and cryptocurrency trading, now supports Solana network deposits. Customers can make deposits directly through their banking app.

OSL Group and SoFi Hong Kong have reached a strategic partnership to provide trading execution, custody, and wallet management services. This marks SoFi's first global expansion of its digital asset business, aiming to enhance customer service experience and promote the integration of the digital asset industry into the mainstream financial system.

Nasdaq-listed SoFi Technologies released its Q4 2025 financial report, with adjusted net revenue surpassing $1 billion for the first time, reaching $1.013 billion, a year-over-year increase of 37%. SoFi also became the first company to offer cryptocurrency products supported by a nationally chartered bank and launched its own stablecoin, SoFiUSD. Its international remittance service covers more than 30 countries.

SoFi Technologies, driven by the expansion of its cryptocurrency business, achieved its first-ever quarterly revenue of over $1 billion in Q4, with a profit of $174 million, adding 1 million new members, bringing the total membership to 13.7 million. The company has launched the SoFiUSD stablecoin and blockchain remittance services.

SoFi Bank has launched the USD stablecoin SoFiUSD, becoming the first nationwide bank in the United States to issue a stablecoin on a public blockchain. The stablecoin offers low-cost settlement, plans to be available to SoFi users, and will be used in various payment scenarios. Several institutions are also advancing stablecoins this year.

SoFi Technologies' stock price broke through $32 to hit an all-time high, with a market capitalization reaching $38.89 billion. The company expanded from student loans to a comprehensive financial services platform, with third-quarter revenue surging. The CEO revealed plans to launch cryptocurrency trading and stablecoins.