SoFi Technologies said in its second-quarter results published Wednesday that commercial clients have begun settling transactions in real time through its SoFiUSD stablecoin. The company said it has 15.8 million members.
The disclosure moves SoFiUSD from a launch announcement into an operating payments rail. It came seven months after SoFi became the first nationally chartered U.S. bank to issue a stablecoin on a public blockchain.
Enterprise transactions are now being settled through SoFiUSD
In the earnings release, SoFi said Big Business Banking, its enterprise product introduced this year, began processing transactions on the SoFi Exchange Network during the quarter, “enabling commercial clients to move money in real time, 24/7 through SoFiUSD.”
This is the first confirmation from the company that enterprise clients are actually settling on the rail, rather than the stablecoin remaining at the stage of launch messaging or network integration.
First clearer view of crypto relaunch economics
The quarter also provided the first cleaner read on the economics of SoFi’s return to crypto. Crypto transaction revenue came in at $134.3 million for the quarter. After $133.1 million in costs, net crypto revenue was $1.2 million.
SoFi returned to crypto investing in the fourth quarter of 2025 with the launch of SoFi Crypto.
SoFiUSD rollout timeline
SoFi launched SoFiUSD in December and positioned it as settlement infrastructure for other banks, fintechs and enterprise platforms, not as a consumer token.
In March, the company said the stablecoin was set to be enabled as a settlement option across Mastercard’s global payments network. In June, it opened SoFiUSD to its full membership. Wednesday’s disclosure is the first confirmation that enterprise clients are using the rail for actual settlement.
Record quarter, weak stock reaction
The stablecoin update arrived during a record quarter for the company. Adjusted net revenue reached $1.2 billion, up 40% from a year earlier. Net income rose 61% to $156.6 million. Loan originations hit a record $14.8 billion. SoFi also raised its full-year guidance.
Investors still sold the stock. According to Google Finance data, SOFI fell about 10% to around $15 in Wednesday morning trading, extending a decline that left the shares roughly 50% below their 2026 highs.