sofie

SoFi just put a bank deposit on-chain for everyday customers — with FDIC cover and a yield.

On October 22, 2026, SoFi Technologies launched SoFi Earn (SOFIE), calling it the first national bank-issued tokenized deposit for U.S. consumers. Each SOFIE represents one U.S. dollar held on deposit at SoFi Bank, earns a variable 4.40% APY (rate as of October 20, 2026), and is FDIC-insured up to standard limits. SoFi frames the launch as its fifth crypto-related product in less than a year.

SOFIE is not a payment stablecoin. Members can convert it 1:1 into SoFiUSD when they want to buy crypto in-app or move funds over blockchain rails around the clock; once converted, those dollars leave the insured deposit product. SoFi expects the rollout to crypto customers to finish in November 2026. Tokenized bank deposits sit in a different risk box than exchange stablecoins — read the disclosures before parking cash.

#SoFi #SOFIE #TokenizedDeposits #Stablecoins #Crypto
DYOR. Not financial advice.

$SOFIE

A U.S. national bank has moved deposits on-chain to earn interest: SoFi announced SoFi Earn, tokenized deposits with a 4.40% APY and FDIC insurance.

Announced on October 22, SoFi says it is the first—and currently the only—national bank in the U.S. to offer tokenized deposits to retail customers. 1 SOFIE = $1 in bank deposits, with a 4.40% APY (variable; data as of October 20). FDIC coverage is generally capped at $250,000 per depositor, per ownership category. When needed, you can convert SOFIE 1:1 into SoFi’s own stablecoin, SoFiUSD, to buy crypto or transfer it on-chain 24/7. Once converted to a stablecoin, it no longer counts as a deposit and is no longer covered by FDIC insurance. Note: SOFIE is not a payment stablecoin. It is currently being rolled out to SoFi Crypto users, with the rollout expected to be complete before November.

The angle: bullish on the retail adoption of “tokenized bank deposits”—don’t lump it in with exchange-issued altcoins.

Would you rather park your idle cash in SOFIE to earn 4.40%, or leave it sitting in a stablecoin earning nothing?

Disclaimer: This analysis is for reference only and does not constitute investment advice!

#SOFIE #BinanceOracle

SoFi launches interest-bearing deposit token SOFIE, convertible to SoFiUSD

- SoFi issues SOFIE deposit tokens representing deposits at SoFi Bank
- 4.40% APY (subject to terms)
- Can be converted into SoFiUSD for transfers on the blockchain

#BinanceSquare #CryptoNews #SOFIE #SOFIUSD #TokenizedDeposits Stablecoin

$sofie $sofiusd

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Source: NewsBTC

🏛 $SOFIE: SoFi Unveils First National Bank Tokenized Deposit

SoFi launched SoFi Earn ($SOFIE), introducing the first consumer tokenized deposit issued by a U.S. national bank. Each token represents $1 held on deposit, delivering a 4.40% annual percentage yield backed by FDIC insurance. Tokens convert 1:1 into the bank's stablecoin for trading or on-chain settlement, though FDIC protections apply only up to standard statutory limits.

#SOFIE #TokenizedDeposits #Banking

【Market Flash】$64 billion in stablecoins is just sitting idle, and SoFi is offering 4.40% APY to attract that cash. National bank SoFi has launched tokenized deposits called SOFIE: each token represents a $1 bank deposit and is FDIC-insured up to applicable limits. When you want to use it, you can convert it 1:1 into SoFiUSD to buy crypto or transfer it out. Don’t mix them up: SOFIE is a deposit; SoFiUSD itself is not a deposit and is not FDIC-insured. With banks getting directly involved, stablecoins will compete on licenses and interest rates—not just narratives. Would you convert your idle stablecoins into this kind of bank tokenized deposit? If you’re bullish, reply 1; if you’re waiting, reply 2.
$BTC $ETH $USDC
#稳定币 #代币化存款 #SOFIE
(Source: Unchained)
⚠️Risk warning: The above is shared for market information only and does not constitute investment advice. Investing involves risks; please exercise caution.

Wild! U.S. bank SoFi is going all in—with the launch of tokenized deposits, SOFIE, offering a 4.4% annual yield and FDIC deposit insurance. You can convert them 1:1 into its own stablecoin, SoFiUSD, anytime, to buy and transfer crypto—24/7.

Here’s the clever part: the GENIUS Act explicitly prohibits stablecoins from paying interest, so SoFi took a detour. What it’s issuing isn’t a stablecoin, but an on-chain certificate representing a bank deposit. The money is still, in essence, sitting in a bank account earning interest, and the arrangement follows banking rules for compliance.

The Fed estimates that $64 billion worth of stablecoins are sitting idle in wallets. SoFi’s clearly hoping to draw in some of that idle cash. In the CEO’s own words: “Too many digital assets are sitting idle and dormant.” #SoFi #SOFIE #代币化 #稳定币 #FDIC Do you think this is genuine innovation or regulatory arbitrage?