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SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users

The Block
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SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users

SoFi has launched SOFIE, a tokenized deposit offering 4.4% APY and FDIC insurance, with the option to convert to SoFiUSD.

Key Takeaways

  1. SoFi has launched SOFIE, a tokenized deposit offering 4.4% APY and FDIC insurance, with the option to convert to SoFiUSD.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
Read Full Article on The Block

Summary generated by IndiCrypto from The Block. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.