.@circle is in trouble
@SoFi now pays 4.40% on a bank deposit token, aimed at idle stablecoin cash:
> USDC: 0%, iss | Hanami
.@circle is in trouble
@SoFi now pays 4.40% on a bank deposit token, aimed at idle stablecoin cash:
> USDC: 0%, issuers can't pay yield (GENIUS Act)
> SOFIE: 4.40% APY, variable, FDIC-insured
> converts 1:1 to SoFiUSD
> SoFi Crypto members, rollout through November
Retweeted by @sandeepnailwal from @gaspardlezin