In this interview, Anthony Noto, CEO of SoFi, discusses SoFi's re-entry into the crypto market with SoFi Crypto, making it the first nationally chartered U.S. bank to offer in-app crypto trading. Noto shares his views on crypto in America, emphasizing financial innovation, accessibility, and U.S. leadership in the global economy. He recounts SoFi's earlier exit from crypto to secure a bank charter and their recent return following OCC guidance, highlighting the benefits of operating within the regulated banking system. Noto also details SoFi's plans for a stablecoin, SoFi USD, built on Ethereum, aimed at facilitating faster, cheaper, and safer money movement. He touches on SoFi's broader strategy to be a one-stop shop for consumers' financial needs, the importance of being a public company for transparency and trust, and SoFi's approach to navigating the macroeconomic environment. Finally, Noto shares his insights on the NFL and SoFi Stadium, as well as his thoughts on open banking and the convergence of AI and blockchain in financial services.
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