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    Is SoFi–Kraken Stablecoin Partnership Reshaping The Investment Case For SoFi Technologies (SOFI)?

    Simply Wall St·09/06/2026 15:21:49
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    • In early September 2026, SoFi Technologies and Payward (parent of Kraken) announced a partnership linking SoFi’s Big Business Banking and real-time SoFi Exchange Network with Kraken’s trading infrastructure, while adding the SoFiUSD stablecoin to Kraken’s multi-asset platform and using Kraken Prime to deepen crypto liquidity for SoFi app users.
    • This tie-up effectively connects Kraken’s global digital-asset client base to SoFi’s 24/7 US dollar settlement rails, potentially increasing SoFiUSD’s usefulness and reinforcing SoFi’s push to blend regulated banking with on-chain finance.
    • Next, we’ll examine how Kraken’s integration of SoFiUSD and access to SoFi’s always-on settlement network could influence SoFi’s investment narrative.

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    SoFi Technologies Investment Narrative Recap

    To own SoFi today, you need to believe it can turn its fast-growing, app-based ecosystem and bank charter into durable, high-margin revenue, not just loan-driven bursts. The Kraken tie-up supports SoFi’s blockchain ambitions, but in the near term the key catalyst still looks like proving earnings power relative to a rich valuation, while the biggest risk remains credit quality and funding needs in its lending-heavy model, which this announcement does not materially change.

    The Kraken partnership builds directly on SoFiUSD and Big Business Banking, both launched earlier this year. SoFiUSD is already positioned as a bank-issued, 1:1 redeemable stablecoin, and connecting it to Kraken’s scale and SoFi’s always-on settlement rails sits squarely within the broader push into fee-generating, capital-light services that many investors see as an important counterweight to SoFi’s capital-intensive loan book.

    Yet behind the excitement about SoFi’s crypto and AI products, investors should be aware of how rising regulatory scrutiny on digital assets could...

    Read the full narrative on SoFi Technologies (it's free!)

    SoFi Technologies' narrative projects $7.7 billion revenue and $1.7 billion earnings by 2029.

    Uncover how SoFi Technologies' forecasts yield a $19.92 fair value, a 9% upside to its current price.

    Exploring Other Perspectives

    SOFI 1-Year Stock Price Chart
    SOFI 1-Year Stock Price Chart

    Some of the most optimistic analysts were already assuming SoFi could lift revenue about 29 percent annually and grow earnings toward US$1.9 billion, so this kind of Kraken-linked, platform-heavy growth story fits their thesis but also highlights how much more bullish they are than consensus on SoFi’s ability to turn partnerships into long term earnings power.

    Explore 22 other fair value estimates on SoFi Technologies - why the stock might be worth over 2x more than the current price!

    The Verdict Is Yours

    Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.