CryptoNeutralCoinDesk · 2h ago6/10
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SoFi’s crypto relaunch brought in $121.6 million in Q1. Almost all of it went to costs
SoFi generated $121.6 million in crypto revenue during Q1 following its December relaunch that introduced the SoFiUSD stablecoin for enterprise payments and a Mastercard partnership for settlement. However, nearly all revenue was consumed by operational costs, raising questions about the unit economics and profitability timeline of the crypto initiative.
