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SoFi unveils bank-issued tokenized deposit for yield-bearing crypto funds

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

· 1 min read · 80 words · via Cointelegraph

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Wire briefing

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: Cointelegraph. This is a wire summary for GetFreeBit readers - verify the original report before making custody, trading, or tax decisions. Not financial advice.

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