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

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

Photo: The Block

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

Also reported by Coindoo.

Source: The Block

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