SoFi has become the first U.S. bank to utilize Bitcoin's Lightning Network for remittances, aiming to offer lower costs and 24/7 availability for its 11.7 million users. This move enters a competitive global remittance market valued at $740.5 billion. Other firms like Coinbase and Nubank have also begun adopting similar technologies.

SoFi has announced the upcoming launch of its stablecoin, SoFiUSD, which will initially be available on Ethereum. The bank aims to provide faster and cheaper fund transfers for businesses while offering attractive yields for holders. SoFi plans to expand the stablecoin's availability across multiple blockchains over time.

SoFi CEO Anthony Noto announced plans to reintroduce cryptocurrency investing by the end of the year, following a shift in regulatory guidelines under the Trump administration. The fintech company aims to integrate crypto capabilities across its product offerings and expand into various digital finance areas, citing a favorable regulatory environment for banks engaging in crypto activities.