CryptoThe Blockabout 1 hour ago
SoFi Launches FDIC-Insured Crypto Deposits
2 min read
SoFi launches SoFi Earn, an interest-bearing tokenized deposit offering 4.4% APY with FDIC insurance, marking the first time a U.S. national bank provides this service to individual customers. Users convert deposits to SoFiUSD stablecoin at a 1:1 rate for crypto purchases or transfers. The bank expects to finish rolling out SOFIE to its crypto members in November.
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