Each SOFIE token represents $1 held at SoFi Bank and can be converted into the company's stablecoin to buy crypto or send funds onchain.
The post SoFi Launches an Interest-Bearing Tokenized Deposit That Converts Into Its SoFiUSD Stablecoin appeared first on Unchained.
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The reported negotiations follow Mastercard’s completed acquisition of BVNK, a stablecoin infrastructure deal priced at up to $1.8 billion.
Listed markets include NVDA and SPCX collateral at a 62.5% liquidation threshold and SPY at 77%, with USDG as the loan asset.
