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DeFi Neutral

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

Decrypt · 1 hr ago

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Informational impactNot rated
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Risk contextUnknownOperational, security or regulatory context
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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.

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