{"id":49522,"date":"2026-05-30T11:34:54","date_gmt":"2026-05-30T11:34:54","guid":{"rendered":"https:\/\/quickassetsmarket.com\/index.php\/2026\/05\/30\/sofi-stock-warning-stablecoin-faces-major-scaling-headwinds\/"},"modified":"2026-05-30T11:34:54","modified_gmt":"2026-05-30T11:34:54","slug":"sofi-stock-warning-stablecoin-faces-major-scaling-headwinds","status":"publish","type":"post","link":"https:\/\/quickassetsmarket.com\/index.php\/2026\/05\/30\/sofi-stock-warning-stablecoin-faces-major-scaling-headwinds\/","title":{"rendered":"SoFi stock warning: stablecoin faces major scaling headwinds"},"content":{"rendered":"
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SoFi Technology (NASDAQ: SOFI) stock price popped on Friday after forming the highly bullish double-bottom pattern at $15. It soared to a high of $18.50, its highest point since April 28, up by 22% from its lowest point this year, as investors welcomed the new stablecoin.<\/p>\n

SoFi Technology stock technicals point to more gains<\/h2>\n

The daily chart shows that the SoFi share price crashed and bottomed at $15, its lowest point in April and May this year. It formed a double-bottom pattern with a neckline at $20, its highest point on April 17. A double-bottom is one of the most common bullish reversal signs in technical analysis. <\/p>\n

The stock has now jumped above the 50-day Exponential Moving Average (EMA), a sign that bulls have prevailed. Also, the Relative Strength Index (RSI) moved above its moving average and the neutral level of 50. <\/p>\n

Therefore, the stock will likely continue rising as bulls target the key resistance level at $20. A move above that price will point to more gains, potentially to the 50% Fibonacci Retracement level at $23. This target is about 28% above the current level. <\/p>\n

On the flip side, a drop below the double-bottom level at $15 will invalidate the bullish forecast and point to more downside.<\/p>\n

<\/figure>\n

SoFi stock chart | Source: TradingView<\/em><\/p>\n

SoFi Technology\u2019s stablecoin faces major headwinds<\/h2>\n

The main reason why the SoFi stock price is doing well is that the company just launched SoFiUSD, the first stablecoin by a regulated US bank. It joins other stablecoins by top American companies, including Circle\u2019s USDC, PayPal\u2019s PYUSD, and Ripple\u2019s RLUSD.<\/p>\n

Launching a stablecoin is a natural thing for SoFi, a company that offers various services, including banking, credit scores, mortgage loans, student loans, investing, crypto trading<\/a>, and credit cards.<\/p>\n

If it succeeds, the stablecoin will generate high margin revenues since the company will just invest its funds in short-term government bonds. <\/p>\n

Still, the main challenge is that the company will struggle to attract substantial assets in its stablecoin as the industry is now saturated. PayPal\u2019s PYUSD has just $3 billion in assets a few years after its launch. <\/p>\n

Ripple\u2019s RLUSD has $1.8 billion. Instead, USDC and USDT stablecoins have accumulated $76 billion and $190 billion in assets. As such, the company will need to convince its customers why its stablecoin is better. <\/p>\n

SoFiUSD\u2019s other main challenge is that it is an American company, with all its customers being in the country. Coinbase (NASDAQ: COIN), the biggest crypto exchange, has an exclusive deal with Circle, meaning that it may not list the stablecoin.<\/p>\n

Coinbase\u2019s deal with Circle is that it should invest most of the USDC in its platform and keep the interest. This business made it over $1 billion in annual revenue last year and is one of its best in terms of margins.<\/p>\n

The most recent earnings report showed that its business was still growing<\/a>. Its members experienced a 38% CAGR to over 14.7 million, which is leading to a higher revenue growth. It expects to make $7.8 billion in annual revenue in 2028 from the expected $4.65 billion this year. <\/p>\n

This growth will help to justify its elevated valuation metrics. SeekingAlpha data shows that its forward price-to-earnings (PE) ratio has jumped to 29, higher than the financials sector median of 10. Its multiple is also higher than that of NVIDIA, which has a multiple of 22 despite its strong revenue growth.<\/p>\n

The post SoFi stock warning: stablecoin faces major scaling headwinds<\/a> appeared first on Invezz<\/a><\/p>\n

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SoFi Technology (NASDAQ: SOFI) stock price popped on Friday after forming the highly bullish double-bottom pattern at $15. It soared to a high of $18.50, its highest point since April 28, up by 22% from its lowest point this year, as investors welcomed the new stablecoin. SoFi Technology stock technicals point to more gains The <\/p>\n","protected":false},"author":1,"featured_media":49523,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-49522","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world"],"_links":{"self":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49522","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/comments?post=49522"}],"version-history":[{"count":0,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/posts\/49522\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media\/49523"}],"wp:attachment":[{"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/media?parent=49522"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/categories?post=49522"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quickassetsmarket.com\/index.php\/wp-json\/wp\/v2\/tags?post=49522"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}