YLDS stablecoin debuts as first SEC-registered yield-bearing digital asset

Digital Asset Marketplace Figure Markets has launched YLDS, the first stable of return recorded as public security with the Securities and Exchange American Commission.

THE stableEmitted through Certificate Corporation figures, operates on the blockchain of the provenance and pays to holders an annual return to the financing rate overnight less than 50 base points.

YLDS accumulates interest on daily and distributes payments monthly in US dollars or YLDS tokens.

It is supported by titles similar to those held in money market funds. The token supports peers transfers and can be exchanged for American dollars or other stable At any time, with Fiat ramps available during American banking hours.

Stablecoins have become an asset class of $ 200 billion, widely used for payments and cross -border transactions. The main stablecoins such as the USDT (USDT) and USDC (USDC) Do not distribute the yield of reserve assets, mainly US Treasury bills.

This has led to the rise of money market funds and investment products such as BUIDL DE BLACKROCKBenji de Franklin Templeton and Usde d’Ethena (TO USE). These assets are increasingly used as guarantees or to obtain yields in the blockchain -based assets.

Figure markets transactions

Figure Markets is the division of digital technologies digital assets, a company co-founded by the former CEO of Sofi Mike Cagney. The company has treated more than $ 41 billion in blockchain -based transactions and has created $ 11 billion in capital lines using the source blockchain.

The figure markets filed with the SEC in October 2023 to launch its stable -to -yield.

The Company expects the YLD to obtain adoption among the developers integrating the assets based on blockchain in requests for financing and decentralized payment.

“We see huge applications for YLDs,” said Cagney. “The guarantees of exchange, the shipments of cross -border funds and the payment rails are immediate opportunities, but this is only the beginning of a larger change from traditional finance to the blockchain.”