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

Crypto Insight Summary: 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. Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Tokenized deposits offer competition but lack market-moving scale.