Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

Fortune

Business

Jeff John Roberts

SoFi launches tokenized deposits for consumers with 4.2% interest as debate over stablecoins rages on

SOFI Stablecoins Anthony Noto Crypto FDIC

The convergence between traditional and blockchain-based worlds of finance continues to accelerate. The latest example came on Thursday when the personal finance company SoFi announced it is offering tokenized deposits, which are functionally equivalent to cash but are stored on a blockchain.

The new product is called SoFi Earn, or SOFIE, and those who hold the tokenized deposits will earn a 4.4% rate of interest and benefit from FDIC protection.

Sign up to read this article

Read news from 100's of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Comeback Crew: Brewers Erase Another Early Deficit to Stun the Rays in Game 2

Comeback Crew: Brewers Erase Another Early Deficit to Stun the Rays in Game 2

After an impressive turnaround in Game 2, the Brewers now have seven comeback wins during this postseason.

Sports Illustrated

El Salvador’s Bukele says bodies found in Haiti are not those of missing Salvadorans

El Salvador’s Bukele says bodies found in Haiti are not those of missing Salvadorans

El Salvador’s President Nayib Bukele has denied that human remains handed over to his military teams at Haiti’s airport are the bodies of four Salvadorans reported missing after coming under attack by gangs on Oct. 18

The Independent UK

Toledo Chemical Tank Stops Leaking as Officials Tell Returning Families to Toss Garden Produce and Wipe Play Equipment

Toledo Chemical Tank Stops Leaking as Officials Tell Returning Families to Toss Garden Produce and Wipe Play Equipment

The Toledo chemical tank has stopped leaking. What returning families should toss, clean, and watch for as 64 households remain evacuated.

New York's archdiocese and survivors of clergy abuse agree to $800 million legal settlement

New York's archdiocese and survivors of clergy abuse agree to $800 million legal settlement

The Archdiocese of New York and attorneys for about 1,300 parishioners who say they were sexually abused by clergy have agreed to an $800 million settlement of their legal claims

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

'Lie and fabrication': Iran denies Hormuz deal offer to US through Pakistan

'Lie and fabrication': Iran denies Hormuz deal offer to US through Pakistan

Iran has denied reports that it offered to reopen the Strait of Hormuz in return for the US lifting its naval blockade, with the IRGC-affiliated Tasnim news agency saying Tehran has made no fresh proposal to Pakistani mediators.

The Times of India

Trump casts his midterm ballot early in Florida

Trump casts his midterm ballot early in Florida

President Donald Trump cast his midterm ballot in Florida, saying he voted for Republicans across the ticket before heading to campaign in Georgia. He also defended several GOP candidates and election-related legal moves, while reiterating that the US could either reach a deal with Iran or resume military action.

The Economic Times

Related Stories

Top stories on inkl right now

Comeback Crew: Brewers Erase Another Early Deficit to Stun the Rays in Game 2

Comeback Crew: Brewers Erase Another Early Deficit to Stun the Rays in Game 2

After an impressive turnaround in Game 2, the Brewers now have seven comeback wins during this postseason.

Sports Illustrated

El Salvador’s Bukele says bodies found in Haiti are not those of missing Salvadorans

El Salvador’s Bukele says bodies found in Haiti are not those of missing Salvadorans

El Salvador’s President Nayib Bukele has denied that human remains handed over to his military teams at Haiti’s airport are the bodies of four Salvadorans reported missing after coming under attack by gangs on Oct. 18

The Independent UK

Toledo Chemical Tank Stops Leaking as Officials Tell Returning Families to Toss Garden Produce and Wipe Play Equipment

Toledo Chemical Tank Stops Leaking as Officials Tell Returning Families to Toss Garden Produce and Wipe Play Equipment

The Toledo chemical tank has stopped leaking. What returning families should toss, clean, and watch for as 64 households remain evacuated.

New York's archdiocese and survivors of clergy abuse agree to $800 million legal settlement

New York's archdiocese and survivors of clergy abuse agree to $800 million legal settlement

The Archdiocese of New York and attorneys for about 1,300 parishioners who say they were sexually abused by clergy have agreed to an $800 million settlement of their legal claims

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

'Lie and fabrication': Iran denies Hormuz deal offer to US through Pakistan

'Lie and fabrication': Iran denies Hormuz deal offer to US through Pakistan

Iran has denied reports that it offered to reopen the Strait of Hormuz in return for the US lifting its naval blockade, with the IRGC-affiliated Tasnim news agency saying Tehran has made no fresh proposal to Pakistani mediators.

The Times of India

Trump casts his midterm ballot early in Florida

Trump casts his midterm ballot early in Florida

President Donald Trump cast his midterm ballot in Florida, saying he voted for Republicans across the ticket before heading to campaign in Georgia. He also defended several GOP candidates and election-related legal moves, while reiterating that the US could either reach a deal with Iran or resume military action.

The Economic Times

Our Picks

Ground Beef and Strawberries Cost More as New Federal Diet Advice Puts Protein at Every Meal

Ground beef rose 7.4% and strawberries 10.4% in a year, as federal dietary advice stresses protein. Beans, eggs, and frozen produce can ease the cost.

Dog gives you the guilty look? Here's what research says it actually means

Walk into a room where something has gone wrong and your dog is already doing it: head low, ears back, eyes wide and soft, maybe a slow tail wag aimed at the floor. Every owner reads this the same way. The dog knows. Except the research says that is probably…

80 Beautiful Pottery Creations That Prove Creativity Has Absolutely No Limits (New Pics)

It’s stunning what people can create with just a lump of wet clay, their own hands, and a little bit of love and creativity. On r/Pottery, folks with all kinds of experience share the most amazing and creative things they made. So, as you scroll and admire the pieces, let…

The Story Behind Little Trees Is Even Stranger Than You Think

The iconic tree-shaped air freshener started with a smelly milk truck in 1952. Here's how Little Trees became a car-culture staple.

Would You Send Money to Someone You’ve Never Met? Romance Scammers Know How to Make You Say Yes

The first request for money might arrive after weeks of sweet messages, late-night conversations, and promises of a future together. It might sound less like a scam than an awkward favor between two people who care about each other.

Heavier Phone Use Past 10 at Night Linked with Teens Falling Asleep About 65 Minutes Later

On nights with extra phone use after 10 p.m., teens fell asleep about 65 minutes later, a JAMA Pediatrics study found. What parents can do.

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play