SoFi Tokenized Deposit: SOFIE Pays 4.40%, SoFiUSD Doesn't
SoFi launched SOFIE, a tokenized deposit that pays 4.40% APY with FDIC insurance and converts 1:1 into its SoFiUSD stablecoin. Stablecoin Insider breaks down why SoFi needs two tokens, what the yield is worth against T-bills, and where the protection stops.