SoFi Earn (SOFIE) is described by SoFi as the first bank deposit token for SoFi Crypto, aimed at giving idle crypto funds such as stablecoins a yield-bearing home. It pays 4.40% APY with FDIC protection up to applicable limits, has no balance cap, and rates are variable and subject to change. SOFIE can be used to buy crypto or SoFiUSD stablecoin for 24/7 on-chain movement, and withdrawn as cash into SoFi Checking and Savings anytime. SoFi clarified SOFIE is a tokenized deposit, not a staking product, though staking is being explored. A full rollout is underway.

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  1. First reportSoFi launches interest-bearing, FDIC-insured tokenized deposits for consumers38 acc.
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Cited posts

  • @TheBlockCo The BlockFirst reportOn X ↗

    SoFi launches interest-bearing, FDIC-insured tokenized deposit for crypto users https://t.co/8JQ2uIVMHA

  • @AIStockSavvy Hardik ShahOn X ↗

    📢 𝐉𝐔𝐒𝐓 𝐈𝐍: $SOFI SoFi Launches SoFi Earn (SOFIE), the First and Only National Bank-Issued Tokenized Deposit for Consumers https://t.co/j2FEAV3DJO

  • @doranmaul Doran.artisan.cashOn X ↗

    Doran's Daily Mint 🪙 SoFi just launched SOFIE, what it calls the first tokenized deposit a US national bank has offered to consumers. Bank money is officially moving onchain.https://t.co/cgf7mYNWhb Each SOFIE is $1 on deposit at SoFi Bank with FDIC insurance, and it converts…

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  • @CryptoTimes_io The Crypto TimesOn X ↗

    SoFi $SOFI launches FDIC-insured tokenized deposits.

  • @CuzzinOG CUZZIN 🥛On X ↗

    BREAKING: SoFi launched SOFIE, an FDIC-insured tokenized deposit for crypto users that earns 4.40% APY and converts to a stablecoin, per The Block and Decrypt. Each token represents $1 on deposit at SoFi Bank. Bigger than us !

  • @StockSavvyShay Shay BoloorOn X ↗

    $SOFI just launched SOFIE which is the first national bank-issued tokenized deposit for consumers offering 4.40% interest with FDIC insurance eligibility. That’s where SoFi’s bank charter becomes a real advantage because it can attract on-chain deposits that help fund its…

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