# SoFi's relaunched crypto business generated $121.6 million in crypto transaction revenue in the first quarter.

*fintech · news · 2026-05-07 · CoinDesk*

## Key points

- SoFi's crypto transaction revenue was $121.6 million in Q1, its first detailed disclosure.
- Net crypto transaction revenue was only $852,000 due to almost equal transaction costs.
- SoFi began minting its SoFiUSD stablecoin in Q1 and partnered with Mastercard for settlements.
- SoFi's crypto holdings are minimal and kept solely for operational purposes, not as investments.
- As of March 31, SoFi had 239,509 total crypto accounts, including both active and inactive.

**Companies:** SoFi
**Countries:** United States

[Read the full story on CoinDesk](https://www.coindesk.com/business/2026/05/07/sofi-s-relaunched-crypto-business-generated-usd121-6-million-in-q1-transaction-revenue)

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