Figure Markets Archives - Coin Engineer https://coinengineer.net/blog/tag/figure-markets/ Btc, Coins, Pre-Sale, DeFi, NFT Fri, 21 Feb 2025 07:03:32 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png Figure Markets Archives - Coin Engineer https://coinengineer.net/blog/tag/figure-markets/ 32 32 SEC Approves YLDS, a Stablecoin Generating Yield https://coinengineer.net/blog/sec-approves-ylds-a-stablecoin-generating-yield/ https://coinengineer.net/blog/sec-approves-ylds-a-stablecoin-generating-yield/#respond Fri, 21 Feb 2025 07:30:56 +0000 https://coinengineer.net/blog/?p=37013 The US Securities and Exchange Commission (SEC) has officially approved YLDS, the new interest-bearing stablecoin developed by Figure Markets. This development is considered an important step in the merger of traditional finance and blockchain technology. YLDS: Regulated and Yield Generating Stablecoin Launched by Figure Certificate Company, a subsidiary of Figure Markets, YLDS works as a

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]]> The US Securities and Exchange Commission (SEC) has officially approved YLDS, the new interest-bearing stablecoin developed by Figure Markets. This development is considered an important step in the merger of traditional finance and blockchain technology.

YLDS: Regulated and Yield Generating Stablecoin

Launched by Figure Certificate Company, a subsidiary of Figure Markets, YLDS works as a fixed-price digital asset on the Provenance blockchain. It offers its users a daily interest yield while at the same time preserving liquidity.

Unlike traditional stablecoins, YLDS shares reserve returns directly with token holders, unlike Tether (USDT). YLDS’ interest rate is set at Secured Overnight Financing Rate (SOFR) – 0.50%.

YLDS Highlights

  • Interest Yield: Users earn daily interest while the price of the stablecoin remains stable.
  • Fully Regulated: As an SEC-approved financial product, it offers a regulatory compliant stablecoin solution.
  • Instant Conversion: Instantly convertible to US dollars or other stablecoins.
  • P2P Transfer Support: Direct transfers between users.
  • Integration with Traditional Finance: Fiat conversion supported within US banking hours.

Mike Cagney, CEO of Figure Markets, noted the potential for YLDS to be used in exchange collateral, cross-border transactions and payment networks, which could help accelerate the adoption of blockchain infrastructure in the traditional financial world.

Is a New Era Beginning in the Stablecoin Market?

Stablecoins have become important tools that protect investors from volatility by providing price stability in the crypto ecosystem. The fact that major financial institutions such as BitGo, PayPal and Ripple have stepped into the stablecoin sector shows that this field is growing rapidly.

  • The total value of the stablecoin market has exceeded $230 billion.
  • Institutional and retail finance is expected to become more integrated through stablecoins.
  • Regulated, yield-generating stablecoins like YLDS can be an attractive alternative for traditional investors.

The success of YLDS could pave the way for similar stablecoin projects in the future and set a new standard in both crypto and traditional markets.

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