SoFi launches tokenized deposit offering 4.40% annual yield
SOFI SoFi Technologies Inc
$14.77 -0.87%
View chart & analysis → - 1SoFi has launched the SoFi Earn tokenized deposit, which offers a 4.40% annual yield.
- 2The move targets approximately 21% of funds currently inactive within the stablecoin market.
- 3This is SoFi's fifth crypto product launched in less than a year.
So what's the key point?
SoFi has introduced a new deposit product that provides a 4.40% annual return. The plan is to attract idle cryptocurrency funds.
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