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Crypto briefing · Thursday, October 22, 2026 · Evening edition · Story 2 of 5
SoFi launches tokenized deposit with FDIC insurance and stablecoin conversion
SoFi has launched SOFIE, a tokenized deposit offering 4.4% APY and FDIC insurance. Users can convert SOFIE tokens to SoFiUSD for crypto trading and transfers.
Why it matters: This offering combines high yield and FDIC protection, which is uncommon for stablecoins, appealing to crypto users seeking safety and returns.
Sources: The Block · Decrypt · Crypto.news · Cointelegraph
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