SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds
Summary
SoFi Bank has introduced a new tokenized deposit product called SoFi Earn. The offering provides federal deposit insurance alongside a 4.40 percent annual percentage yield. Additionally, customers can convert their balances into stablecoins at any time of day or night.
SoFi Bank launched SoFi Earn, a tokenized deposit paying 4.40% APY with FDIC coverage, allowing users to convert funds to stablecoins 24/7.
Source: Read the full story at Cointelegraph.com News
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