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SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds

CoinTelegraph
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SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds

SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7.

Key Takeaways

  1. SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7.
  2. Read the full article for additional context and details.
  3. Read the full article for additional context and details.
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Summary generated by IndiCrypto from CoinTelegraph. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.