SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin
Photo: Decrypt
Each SOFIE token represents $1 on deposit at SoFi Bank, earning 4.40% APY with FDIC insurance—a yield-and-protection combination ordinary stablecoins lack.
Also reported by Crypto Briefing, The Defiant.
Source: Decrypt
