Markets
SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users
The Block·October 22, 2026·1 min read
SoFi launched SOFIE, a tokenized deposit offering 4.4% APY with FDIC insurance. Users can convert the token to SoFiUSD, bridging traditional finance and crypto. This product aims to attract crypto users seeking interest-bearing, insured options, expanding SoFi's digital asset offerings while maintaining regulatory compliance.
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