sofi

SoFi just put a bank deposit on-chain for everyday customers — with FDIC cover and a yield.

On October 22, 2026, SoFi Technologies launched SoFi Earn (SOFIE), calling it the first national bank-issued tokenized deposit for U.S. consumers. Each SOFIE represents one U.S. dollar held on deposit at SoFi Bank, earns a variable 4.40% APY (rate as of October 20, 2026), and is FDIC-insured up to standard limits. SoFi frames the launch as its fifth crypto-related product in less than a year.

SOFIE is not a payment stablecoin. Members can convert it 1:1 into SoFiUSD when they want to buy crypto in-app or move funds over blockchain rails around the clock; once converted, those dollars leave the insured deposit product. SoFi expects the rollout to crypto customers to finish in November 2026. Tokenized bank deposits sit in a different risk box than exchange stablecoins — read the disclosures before parking cash.

#SoFi #SOFIE #TokenizedDeposits #Stablecoins #Crypto
DYOR. Not financial advice.

𝚈𝙸𝙴𝙻𝙳 𝙼𝙴𝙴𝚃𝚂 𝚂𝙴𝙲𝚄𝚁𝙸𝚃𝚈.

SoFi is bridging the gap between traditional banking and crypto by launching the SOFIE token. This tokenized deposit offers a competitive 4.4 percent APY backed by FDIC insurance which provides a level of safety that most decentralized stablecoins cannot match. For traders this represents a significant step in the institutional adoption of real world assets and could drive more liquidity into regulated fintech ecosystems.

#SoFi #TokenizedDeposits ⠀

Banks are starting to compete for the money flowing around stablecoins.

SoFi has launched SOFIE, a tokenized deposit marketed with an annualized yield of around 4.4%, aiming to combine the yield appeal of bank deposits with on-chain liquidity. The stablecoin market is growing, and banks don’t want to be mere bystanders.

The yield looks attractive, but it’s worth checking the redemption rules, reserves, and regulatory treatment—there’s a licensing gap between “deposit-like” and “actual deposits.” In the RWA and stablecoin sectors, regulatory compliance will increasingly become a competitive moat.

#SoFi #稳定币 #RWA #Tokenization

A U.S. bank has, for the first time, tokenized deposits for retail customers—with a 4.40% APY and FDIC insurance.

SoFi launched SoFi Earn (SOFIE) on October 22. Each SOFIE represents a $1 deposit at SoFi Bank. Holders earn 4.40% APY, with FDIC deposit insurance applying (up to $250,000 per person in eligible deposits). SOFIE can be redeemed 1:1 at any time for SoFi’s own SoFiUSD stablecoin, which can then be used to buy crypto or transferred on-chain 24/7. This marks the first time a nationally chartered U.S. bank has directly issued tokenized deposits to retail customers. It is also SoFi’s fifth crypto product in less than a year, with a full rollout to crypto users planned for November.

The business is targeting stablecoins’ “dead money”: research cited by SoFi estimates that about $64 billion—21.2% of the stablecoin supply—is sitting in inactive wallets long-term, earning no interest. Legally, it is a byproduct of the GENIUS Act (signed in July 2025): the law bars stablecoin issuers from paying interest to holders, but that restriction does not apply to bank “deposits.” The FDIC’s proposed implementation rules also confirm that tokenized deposits remain ordinary bank deposits.

The takeaway: After legislation took away the interest-bearing business from stablecoins, banks stepping in under the guise of deposits is just the first move. In September, 21 financial institutions—including Goldman Sachs, Bank of America, Citi, and Deutsche Bank—announced plans to form a company and jointly issue a dollar-pegged cryptocurrency in the first half of 2027. The RWA market for compliant yield-bearing assets is the next table banks will sit down to after stablecoins.

Sources: Reuters, 10/22; official Business Wire press release, 10/22; The Block, 10/22.

These are my personal views only and do not constitute investment advice.

#SoFi #代币化存款 #RWA $USDC

The GENIUS Act just shut down the channel for paying interest on stablecoins, and SoFi opened a front door that same day: SoFi Earn (SOFIE), the first tokenized deposit from a U.S. national bank offered directly to retail customers, is now live. It offers 4.40% APY and FDIC deposit insurance, with 1 SOFIE equal to $1 in a SoFi bank account. Convert it to the SoFiUSD stablecoin at a 1:1 rate anytime to buy crypto or make on-chain transfers, 24/7—and interest keeps accruing until the very second you convert. It will be available to all SoFi Crypto users by the end of November. The Fed estimates that around $64 billion (21.2%) of the stablecoin market is sitting in idle wallets earning nothing. Banks are openly going after crypto’s money. The irony: SOFI shares fell 2.4% on the announcement day—Wall Street simply doesn’t believe banks can take business away from crypto. #SoFi #代币化存款 #GENIUS Act

SoFi launches deposit token; the $250,000 coverage limit must be aggregated

SOFIE gives funds waiting to be used to buy crypto an interest-earning option, but it doesn’t create an extra layer of deposit insurance. People who already keep money at SoFi should first aggregate their balances to check their coverage limit, then consider the yield.

On October 22, SoFi announced the launch of SoFi Earn (SOFIE), with each unit representing $1 deposited at SoFi Bank. It is being rolled out gradually to SoFi Crypto members through November. The 4.40% annual percentage yield listed in the announcement was current as of October 20, can change at any time, and is not locked in for a year.

One detail that’s easy to miss is how the $250,000 limit is calculated. SoFi’s official help page makes clear that an individual’s SOFIE balance shares the FDIC insurance limit with their other individual deposits at the bank, including individual checking and savings accounts. Joint accounts fall under a separate ownership category. A new product name doesn’t mean an additional coverage limit.

Another boundary comes into play when converting. According to the announcement, SOFIE can be converted to SoFiUSD at a 1:1 ratio, then used to buy crypto or transferred to supported external wallets. But SoFi explicitly states that SoFiUSD itself earns no interest and is not covered by FDIC deposit insurance. The same dollar-denominated value doesn’t mean the same rights and risks.

This also addresses yesterday’s discussion of stablecoin rewards: what’s new today is a bank deposit product, not evidence that regulators have approved any particular stablecoin rewards program.

Over the next week, watch for the actual rollout scope, current interest rate, and conversion fees; before using the product, check your account category and balances in the same category. If the terms or regulations change the coverage or conversion arrangements, reassess whether this product is suitable for holding idle funds. Its current value is in connecting interest-bearing deposits with crypto trading—not in giving on-chain holdings ongoing deposit insurance.

#稳定币 #SoFi #AssetSafety

Stablecoins aren’t allowed to pay interest, so banks are jumping in themselves with interest-bearing “deposit tokens.”

SoFi Earn launched yesterday: tokenized deposits called SOFIE, yielding 4.4% APY, backed by FDIC insurance, and redeemable anytime 1:1 for its own stablecoin, SoFiUSD, which you can use to buy $BTC . It’s the first U.S. bank to offer this to retail customers, with a full rollout coming in November.

Talk about throwing down the gauntlet: banks are stepping outside their lane and going after exchanges’ business—and the kicker is, they’re compliant. How’s that feel?

Should retail investors leave their money in the bank earning 4.4%, or put it on-chain and gamble on getting rich? Sound off in the comments: A) Take the 4.4%—that interest is sweet. B) A hundredfold gain is what matters; interest doesn’t even register.

$ETH $SOL #SoFi #TokenizedDeposits

Banks are issuing “on-chain deposits” too 🏦

SoFi has launched SoFi Earn (SOFIE): each token represents a $1 deposit at SoFi Bank, earns approximately 4.4% annually, is covered by FDIC deposit insurance, and can also be exchanged for the SoFiUSD stablecoin to buy crypto.

It’s the first tokenized deposit product from a nationally chartered bank, and is expected to open to crypto users in November.

On-chain deposits + insurance + interest—the stablecoin moat is about to be challenged.

Would you swap your U for this kind of bank token?

#SoFi #RWA #稳定币 #Tokenization

Wild! U.S. bank SoFi is going all in—with the launch of tokenized deposits, SOFIE, offering a 4.4% annual yield and FDIC deposit insurance. You can convert them 1:1 into its own stablecoin, SoFiUSD, anytime, to buy and transfer crypto—24/7.

Here’s the clever part: the GENIUS Act explicitly prohibits stablecoins from paying interest, so SoFi took a detour. What it’s issuing isn’t a stablecoin, but an on-chain certificate representing a bank deposit. The money is still, in essence, sitting in a bank account earning interest, and the arrangement follows banking rules for compliance.

The Fed estimates that $64 billion worth of stablecoins are sitting idle in wallets. SoFi’s clearly hoping to draw in some of that idle cash. In the CEO’s own words: “Too many digital assets are sitting idle and dormant.” #SoFi #SOFIE #代币化 #稳定币 #FDIC Do you think this is genuine innovation or regulatory arbitrage?

SoFi Bank launches SoFi Earn: tokenized deposits earn 4.40% APY, convert to stablecoins 24/7

- SoFi Bank launches SoFi Earn, an interest-bearing tokenized deposit offering 4.40% APY.
- FDIC-insured.
- Allows funds to be converted to stablecoins 24/7.
- RSS provides no further details.

#BinanceSquare #CryptoNews #SoFi #Stablecoin

$btc $eth

#vlikevn Titanbot

Source: CoinTelegraph

📰 I just said SoFi wanted to combine banking and crypto—and now it’s launching a stablecoin deposit product

SoFi has launched SOFIE token deposits, which can be converted to SoFiUSD at any time, and the deposits are insured. It’s like adding a crypto plug-in to traditional banking: trying to benefit from crypto without getting hurt by its risks. For people who think crypto is unsafe and banks are inflexible, this is a new option.

Why is this news important?
SoFi is trying to take a middle path: it’s neither purely a traditional bank nor a pure crypto project. Crypto comes with high volatility and a lack of insurance; traditional banks offer insurance but less flexibility. SOFIE combines the advantages of both, perhaps aiming to become the “standard answer” for digital finance. This isn’t just a casual experiment—it’s launching a stablecoin and deposit product outright, which shows SoFi is serious about scaling up.

Market impact
In the short term, the main thing to watch is market sentiment, since specific figures haven’t been released yet. In the long run, if this product takes off, it could further blur the lines between crypto and traditional finance. Regulators may pay closer attention to these hybrid products, though it’s hard to say whether that will be a good or bad thing. There haven’t been many similar attempts before, so we’ll have to see how SoFi proceeds.

Trading outlook
This news could give BTC and ETH sentiment a slight boost, but it won’t change the overall trend. If SoFi can bring traditional finance users and crypto users on board, that could be meaningful for the broader digital finance ecosystem. If it turns out to be short-lived, consider it a minor blip.

This article is not sponsored by any project, and the author does not hold any of the assets mentioned

$BTC $ETH #BTC #ETH

⚠️ This is not investment advice. Forecasts are for reference only.

#SoFi

🏦 Banks are putting deposits on-chain and paying 4.4% interest. Should USDT be worried?

SoFi launched SoFi Earn (code name SOFIE) today. The company says it’s the first—and only—tokenized deposit issued directly to individuals by a U.S. nationally chartered bank.

🔹 Each SOFIE represents $1 deposited at SoFi Bank
🔹 A variable 4.40% APY, with FDIC deposit insurance up to applicable limits
🔹 Can be exchanged 1:1 for SoFi’s own stablecoin, SoFiUSD, for 24/7 on-chain transfers or crypto purchases
🔹 Initially available to SoFi crypto customers, with a full rollout expected in November

The most important fine print: once converted to SoFiUSD, the interest and FDIC insurance no longer apply.

Why set it up this way? Under the rules of the U.S. GENIUS Act, stablecoin issuers can’t pay interest directly to holders. So the bank keeps the “earning interest” part on the deposit side and the “moving on-chain” part on the stablecoin side—keeping both compliant.

My take: This isn’t about competing for USDT’s overseas market. It’s about going after the money Americans leave “sitting idle” in exchanges and wallets. For everyday users, there’s just one thing to be clear about: are you holding a deposit or a stablecoin? They both have “dollar” in the name, but the protections are completely different.

If you’re in the U.S., would you move your idle funds into a bank token to earn 4.4%, or keep them on-chain and ready to jump in at any time? 👇

#稳定币 #SoFi #代币化存款 #RWA

🎯 SoFi brings deposits on-chain, offering 4.4% interest

📰 A licensed U.S. digital bank is issuing tokenized deposits directly, with clearly stated yields. It’s not taking the old stablecoin route—it’s leading with its regulatory credentials.

💬 Honestly, it’s a pretty slick move: using its identity as a bank to make the blockchain its ledger, all within the regulatory framework. Who it’ll take business from if this really takes off goes without saying.

🏷️#代币化存款 #RWA #SoFi #TraditionalFinanceOnChain

Penguins just walked into a bank?
SoFi has listed $PENGU right in its banking app—the first federally chartered bank in the U.S. bold enough to run a crypto exchange. With 15 million users nationwide, you can buy Penguin Coin right in the app you use to check your balance.
Isn’t that surreal? Two years ago, you’d have called someone who bought an NFT penguin avatar a sucker. Today, a legitimate bank is putting its coin right in the trading section.
But here’s the counterintuitive part: the coin rose 8.9% on announcement day, but the older folks actually placing orders in the app don’t even know what Solana is.
So here’s the million-dollar question: If a bank is willing to sell it, does that make it a “mainstream asset,” or has crypto just found a new batch of exit liquidity?
Debate in the comments: A, this is undeniable proof it’s gone mainstream; $PENGU has the backing of the establishment. B, a bank entering the market is a top signal.
Which side are you on?
$PENGU $SOL $BTC
#PENGU #SoFi #meme coin

🚀 $SOFI & MASTERCARD UNVEIL STABLECOIN PAYMENT NETWORK! 🟢

Smart money is staking a claim as $SOFI teams up with Mastercard to roll out a stablecoin‑backed payment rail, turning crypto from speculative hype into everyday liquidity. 🦈📊

The move injects institutional credibility, unlocking a floodgate of on‑ramp volume and positioning $SOFI as a bridge between traditional finance and the decentralized economy. ⚡💡 Expect the order flow to tilt bullish as merchants start flipping bids for instant settlement. 💬 Are you ready to ride the payment wave or waiting on the next liquidity sweep? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #SOFI #Stablecoin #Payments #Crypto

🔥 💎

SoFi begins stablecoin settlement on Mastercard network for program expected to exceed $25 billion in annualized volume $SOFI #SOFI

🚀 $SOFI PARTNERS WITH MASTER CARD TO UNLOCK STABLECOIN PAYMENTS 🦈

The $SOFI ‑Mastercard alliance stitches a regulated payment rail directly onto a stablecoin layer, a classic smart‑money liquidity sweep that forces market makers to reprice exposure. 🦈📊 The on‑chain demand curve now intersects a deep pool of institutional cash, turning the stablecoin corridor into a high‑velocity order block.

Expect a measurable uptick in cross‑border flow metrics as the network captures legacy fiat traffic; early‑stage volume spikes on the 4H chart are already echoing a bullish order‑flow divergence. 📈🔍 This structural shift could seed the next wave of risk‑on positioning across the broader crypto ecosystem. 💬 How will this integration reshape your allocation to $SOFI and the stablecoin arena? 👇

⚠️ Not financial advice. Always manage your risk. 🛡️

🏷️ #SOFI #Stablecoin #Payments #SmartMoney #Crypto

🦈 🔥

SoFi migrated its entire card program to blockchain-based settlement, using its stablecoin SoFiUSD, and expects more than $25 billion in annualized volume. The partnership shows that stablecoins can work as alternative settlement rails, reinforcing institutional adoption.

#SoFi #Stablecoin #Blockchain #BinanceSquare #Crypto $TUT

Read more: https://cointelegraph.com/news/sofi-moves-25b-card-program-to-stablecoin-settlement-with-mastercard?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

SoFi and Mastercard Launch Stablecoin Payments with SoFiUSD

- SoFi Technologies and Mastercard partner to launch stablecoin payments on SoFi Bank’s debit and credit card programs.
- This brings stablecoin payments via SoFiUSD into Mastercard’s global payments network.
- The move comes after previously supporting stablecoins such as Ripple’s RLUSD and Circle’s USDC.
- SoFi becomes the first bank to enable stablecoin payments on the Mastercard network.

#SoFi #Mastercard #Stablecoin #SoFiUSD #RLUSD USDC CryptoNews BinanceSquare

$rlusd $usdc

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Source: CoinGape