SoFi Technologies stock climbs on Mastercard stablecoin deal and CEO's share purchase

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SoFi Technologies stock rose following a new stablecoin deal with Mastercard and insider buying by its CEO. The digital-first bank's stablecoin, SoFiUSD, will be offered as a settlement option on Mastercard's payment network. CEO Anthony Noto also purchased approximately $1 million in company shares. This news comes as SoFi's stock has seen volatility, with investors reassessing fintech valuations despite recent gains.


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SoFi Technologies stock climbs on Mastercard stablecoin deal and CEO's share purchase | News Minimalist