SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users

Crypto Insight Summary: SoFi has launched SOFIE, a tokenized deposit offering 4.4% APY and FDIC insurance, with the option to convert to SoFiUSD. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Tokenized deposits may attract traditional investors but unlikely to significantly impact crypto market sentiment.