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

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.
Not financial advice. Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.
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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.