SoFi Technologies (NASDAQ: SOFI) Stock Surges 3% as Stablecoin Rotation Lifts Fintech, Coinbase (NASDAQ: COIN) Climbs 5%

SoFi Technologies (NASDAQ: SOFI) is rising 3% to $18.83 on Tuesday as stablecoin momentum spills out of pure-crypto names and into fintech, pulling the stock into the same bid lifting exchanges.

Coinbase Global (NASDAQ: COIN) is outpacing the move, climbing 5% to $188.11 as the crypto-native exchange with the most direct stablecoin exposure captures heavier buying interest.

The ARK Blockchain and Fintech Innovation ETF (CBOE: ARKF) is up 2% to $46.44 midday, outpacing the Invesco QQQ Trust (NASDAQ: QQQ), which is up just 0.42% to $709.32.

That performance gap signals this is a crypto-linked fintech rotation rather than a broad technology rally driving Tuesday’s session moves.

SoFi began settling its trading business in SoFiUSD during Q2 2026, describing the product as the first stablecoin issued by a nationally chartered bank on a public, permissionless blockchain.

SoFiUSD is backed by cash at the Federal Reserve and had roughly $300 million in circulation at the end of Q2 2026, giving the market a tangible stablecoin footprint to price into the shares.

Coinbase Global competes through USDC, where average balances held in Coinbase products reached a record $20 billion in Q2 2026, representing the deepest stablecoin plumbing in the space.