SOFI is trading 4.7% down at $17.07 in pre-market as broader market weakness and profit-taking weigh on the stock following its recent stablecoin listing.
- The decline extends Monday's 4.5% slide, which saw the price drop from $17.91 to $17.10.
- The move comes shortly after the company listed its bank-issued stablecoin, SoFiUSD, on the Bullish exchange.
- Broader futures and crypto markets are also trading lower, suggesting a shift in risk sentiment rather than a company-specific negative catalyst.