Skip to content
Back to the Guavy Wire
Crypto

Banks and Crypto Firms Advance Stablecoin and Tokenization Initiatives

Instruments
XLM CFG LUSD
Share

A major U.S. bank has launched SOFIE, described as the first national bank-issued tokenized deposit for consumers. Each SOFIE represents $1 held on deposit, offering a 4.40% APY with FDIC insurance up to applicable limits. Users can convert SOFIE 1:1 to the bank’s SoFiUSD stablecoin to buy crypto…

The Wire

Read the full article for free.

A free account opens the rest of this article, how it scored, and the full Wire stream. No card required.

No spam. Unsubscribe anytime.