SoFi's crypto transaction revenue grew 10% quarter over quarter in Q2 as the fintech continued to expand its digital asset business, while its new SoFiUSD stablecoin began facilitating real-time commercial payments through the company's enterprise banking platform.
The company generated $134.3 million in crypto transaction revenue during the quarter, resulting in $1.2 million in net revenue after accounting for $133.1 million in transaction costs, up from roughly $850,000 in the first quarter.
Despite crypto being a small contributor to SoFi's record $1.2 billion in quarterly adjusted net revenue, the company has continued adding digital asset capabilities since relaunching its crypto trading and investing services in late 2025.
SoFi also continued building out its stablecoin product.
During the quarter, the company's Big Business Banking platform began processing transactions on the SoFi Exchange Network, allowing commercial clients to move money around the clock through SoFiUSD.
