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Crypto

SoFi launches SOFIE tokenised deposit offering 4.4 percent annual yield

Fintech firm SoFi has launched SOFIE, a tokenised deposit product offering a 4.4 percent annual return. The product issues bank deposits in token form while maintaining deposit insurance coverage and allows users to convert holdings into SoFiUSD, a dollar-linked stablecoin, for cryptocurrency trading. SOFIE deposits are insured by the FDIC up to $250,000 per depositor by account ownership type, while SoFiUSD is not FDIC-insured.

Crypto

Payward partners with SoFi to add SoFiUSD on Kraken

Payward, the parent company of cryptocurrency exchange Kraken, is partnering with U.S. fintech firm SoFi to strengthen stablecoin and round-the-clock dollar payments infrastructure. Payward plans to list SoFi’s dollar-pegged stablecoin SoFiUSD on Kraken and join the SoFi Exchange Network for real-time payments. The tie-up will allow Kraken’s institutional and corporate clients to settle U.S. dollar transactions 24/7 and may expand into qualified digital asset custody services.

Crypto

Falcon Finance and SoFi launch dollar stablecoins targeting institutions and retail users

Falcon Finance and SoFi have launched U.S. dollar stablecoin products linked to U.S. banking infrastructure. Falcon Finance introduced the institutional-focused fUSD through Anchorage Digital Bank’s federally regulated issuance platform, with reserves held in short-term U.S. Treasuries, cash and Treasury-backed repos. SoFi unveiled SoFiUSD for retail users inside its app, supporting transfers on Ethereum and Solana and planning additional features in coming weeks.