SoFi Launches Yield-Bearing Tokenized Bank Deposit With Stablecoin Conversion
SoFi says its new SOFIE tokenized deposit represents money held at SoFi Bank, advertises 4.40% APY subject to terms, and can convert to SoFiUSD for blockchain transfers.
Key Takeaways
- SoFi says its new SOFIE tokenized deposit represents money held at SoFi Bank, advertises 4.40% APY subject to terms, and can convert to SoFiUSD for blockchain transfers.
- Read the full article for additional context and details.
- Read the full article for additional context and details.
Summary generated by IndiCrypto from NewsBTC. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Regulation
Irish Central Bank Fines Coinbase Unit €3.25 Million Over Customer Fund Safeguards
Ireland’s central bank imposed a €3.25 million penalty on Coinbase Ireland over electronic-money safeguarding and outsourcing failings, subject to High Court confirmation.
Bitcoin Core Changes Security Policy as AI Makes Vulnerabilities Easier to Find
Bitcoin Core is rewriting its approach to security vulnerabilities as artificial intelligence makes certain software flaws dramatically easier to discover, undermining the effectiveness of longstanding policies designed to keep potential exploits secret while…
Here’s what happened in crypto today
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.