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SoFi Launches SOFIE Tokenized Deposit With 4.4% APY

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TLDR — Members can convert the deposit into SoFiUSD at a 1:1 rate, but deposit interest and FDIC coverage do not follow the money into the stablecoin....

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Members can convert the deposit into SoFiUSD at a 1:1 rate, but deposit interest and FDIC coverage do not follow the money into the stablecoin.... Read the full story at The Defiant

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