Sofi Launches Sofi Earn Tokenized Deposit At 4.40% APY. SoFi (SOFI) launched SoFi Earn (SOFIE) on October 22, a tokenized bank deposit paying 4.40% APY with FDI
- SoFi has launched 'SoFi Earn' (SOFIE), a tokenized bank deposit offering 4.40% APY with FDIC insurance, aiming to attract idle stablecoin funds.
- This product represents a $1 deposit at SoFi Bank and is designed to bridge traditional banking protections with the utility of digital assets.
- It challenges the zero-yield model of many stablecoins and marks SoFi's fifth crypto product launch in under a year.
Topics: Asset types, Institutional adoption, Integration with defi, Stablecoins digital cash, Asset manager initiatives, Rwa collateral lending
Tags: #sofiearn #tokenizeddeposit #440apy #fdicinsured #stablecoin #sofibank #digitalassets #sofiusd #ethereum #solana
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