On May 29, SoFi Technologies rose 5.01% in regular trading, trading at $17.035/share, with trading volume of $710 million. The stock has been buoyed by a series of major strategic announcements in recent days.

On the news front, SoFi recently launched SoFiUSD, marking the first stablecoin issued by a US national bank to be made available directly within a traditional banking app. The 1:1 dollar-pegged stablecoin is accessible to nearly 15 million members through the SoFi App, deployed on both Ethereum and Solana networks, with full functionality expected by early June. The product is issued by SoFi Bank under OCC regulatory oversight with independent CPA audits.

Additionally, SoFi announced the acquisition of Peach, a cloud-native loan management platform with over $2 billion in active loans serving more than 50 lending institutions. Peach will be integrated into SoFi's Galileo and Technisys infrastructure, strengthening its B2B capabilities. This represents SoFi's third major acquisition this year, following PrimaryBid and AI investment platform Composer Securities, underscoring its full-stack fintech expansion strategy.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)