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Stablecoin trade boosts SoFi and Coinbase stocks amid fintech rotation

Market News
25 Aug 2026
24/7 Wall Street
View Source
Bullish
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SoFi Technologies and Coinbase Global stocks rose sharply as stablecoin trading expands beyond crypto-only firms into fintech. SoFi's SoFiUSD stablecoin, backed by the Federal Reserve, and Coinbase's USDC stablecoin are driving this sector rotation, lifting fintech firms with crypto exposure. Other fintech companies without stablecoin involvement, like Affirm, saw little movement, highlighting the focus on stablecoin-linked businesses. Investors should watch if this trend sustains, as both stocks remain volatile and trade at premium valuations ahead of Q3 earnings updates in October.

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