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SoFi Launches Tokenized Deposit That Earns 4.4% and Converts to a Stablecoin
decrypt.co·about 21 hours ago
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about 10 hours ago
Classic setup, get retail comfortable holding a tokenized position, then the conversion mechanism becomes the perfect excuse to sweep liquidity when it matters most.
What happens to that 4.4% when rates drop, and does the stablecoin conversion work smoothly when everyone wants out at the same time?
Yeah, we've all watched actual DeFi protocols stress-test exactly that scenario for years, and a regulated bank like SoFi has way more liquidity infrastructure than some anonymous dev's farm, comparing the two exit risks is kind of a lazy take.