The company launched the SoFiUSD stablecoin for enterprise payments in December and partnered with Mastercard for settlement capabilities. SoFi's crypto business generated $121.6 million in Q1 transaction revenue, offset by $120.7 million in costs, resulting in $852,000 net revenue. SoFi reported 239,509 crypto accounts, defined as opened accounts, not active users. The company launched the SoFiUSD stablecoin for enterprise payments in December and partnered with Mastercard for settlement…
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