SoFi Targets Idle Crypto Cash with Interest-Bearing Tokenized Deposit

SoFi launches tokenized deposits for consumers with 4.2% interest as debate over stablecoins rages on

The offering comes amid a growing debate over the merits of stablecoins vs tokenized deposits.

SoFi Launches First National Bank Retail Tokenized Deposits

SoFi has launched SoFi Earn, a tokenized bank deposit that pays about 4.4% interest and is FDIC-insured within applicable limits, which customers can convert into SoFiUSD for crypto purchases or blockchain transfers. The offering positions a regulated bank deposit as an interest-bearing alternative to stablecoins, whose issuers are barred from paying interest under federal law. · 16 sources across the spectrum on IJR News.

SoFi Launches Bank-Issued Tokenized Deposit Offering 4.40% APY

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

SoFi targets idle crypto cash with interest-bearing tokenized deposit

(Corrects annual percentage yield to 4.4 per cent from 4.2 per cent in paragraph 2 after company revised the figure)By Niket Nishant and Manya SainiOct 22 : SoFi Technologies on Thursday launched a "tokenized deposit" product that lets customers earn interest on cash set aside for crypto purchases, wh

SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin

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.