SoFi Is Paying 4.2% on a Crypto Dollar -- The Loophole Banks Want Closed

Ajouté : 2026-06-03

[00:00:00]A bank just started paying you 4.2% on a crypto dollar. The exact loophole Washington wants slammed shut. SoFi just dropped a digital dollar called SoFi USD right inside its banking app. The first US national bank ever to do it. Live to 15 million members.

[00:00:18]But here's why the [music] banking lobby is fighting it. The Treasury says a yield paying stablecoin could pull up to 6.6 trillion dollars out of bank deposits.

[00:00:27]Here's the twist. The giants want their own stablecoins, [music] too. They just don't want to pay you the yield. SoFi paid the yield anyway because that 4.2% is bait. If your paycheck is going to chase yield into a stablecoin anyway, be the bank that issues it. So the deposit converts instead of walking out the door. And the market already smells it. SoFi ran 23% in a single week into the launch. This wasn't a crypto headline. It was the first shot in a war over where your money actually sits.