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SoFi Earn offers 4.40% APY tokenized deposit with FDIC coverage

SoFi Bank introduced SoFi Earn (SOFIE), a tokenized bank deposit paying a variable 4.40% APY, fully FDIC‑insured up to $250,000. Each SOFIE equals $1 and can be swapped 1:1 for SoFiUSD, a non‑insured stablecoin, for crypto purchases. Rollout to SoFi Crypto members begins in November. …

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