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SoFi Launches FDIC-Insured SOFIE Tokenized Deposit at 4.40% APY

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SoFi Technologies has introduced SOFIE, a bank-issued tokenized deposit product that offers a 4.40% annual percentage yield (APY) and is backed by FDIC insurance up to applicable limits. The product, launched under the SoFi Earn program, allows users to earn interest on digital dollars before…

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