SoFi Just Made a Big Move Into Blockchain Payments. Here's What Investors Need to Know.

SoFi Technologies has launched SoFiUSD, a stablecoin digital dollar, to settle transactions through its Mastercard partnership, bringing blockchain technology into mainstream payments. While the company shows strong growth with $1.4B Q3 revenue (up 44% YoY) and 17.1M members (up 35%), investors should await proof that blockchain payments can generate meaningful profits before getting excited about this new venture.