Stock Track | SoFi Technologies Soars 5.06% in Pre-Market on Stablecoin Legislation Progress and Business Expansion

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SoFi Technologies Inc. (SOFI) soared 5.06% in pre-market trading on Thursday.

The rally was driven by legislative progress on the Digital Asset Market Clarity Act, with a compromise reportedly reached on stablecoin yield payments and other major obstacles being cleared. The increased policy certainty has broadly lifted crypto-related stocks, with SoFi being a recognized stablecoin-linked name. Additionally, SoFi recently announced its formal entry into the enterprise-level financial infrastructure market, marking a significant expansion of its business footprint and providing additional support for valuation recovery expectations.

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(SOFI) soared 5.06% in pre-market trading on Thursday.</p><p>The rally was driven by legislative progress on the Digital Asset Market Clarity Act, with a compromise reportedly reached on stablecoin yield payments and other major obstacles being cleared. The increased policy certainty has broadly lifted crypto-related stocks, with SoFi being a recognized stablecoin-linked name. 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