SOFIE (Sofi Earn)

Coverage of SOFIE, or SoFi Earn, an interest-bearing tokenized deposit launched by SoFi Bank in October 2026. Each token represents a US$1 bank deposit and is eligible for FDIC insurance up to applicable limits. Unlike a stablecoin, SOFIE is a bank deposit token that can be converted 1:1 into SoFiUSD for cryptocurrency purchases and blockchain-based transfers. Follow its adoption, tokenized deposit infrastructure, digital payments, and regulatory developments.