Key Takeaways
- YLDS is the first yield-bearing stablecoin approved by the SEC, offering an APR of 3.85%.
- Investors can trade YLDS continuously on Figure Markets with payouts in USD or YLDS.
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Today, Figures Markets reported that the US Securities and Exchange Commission approved YLDS as the first yield-bearing stablecoin registered as public security.
Introducing the first-ever SEC-regulated, yield-bearing stablecoin: $YLDS
✅Risk-free yield at SOFR – 50bps (3.85%)
✅No staking or lockups
✅Buy/sell 24×7It’s time for real assets with real value. pic.twitter.com/Vt1Ilw5jGv
— Figure Markets (@FigureMarkets) February 20, 2025
YLDS operates by paying an interest rate calculated as the Secured Overnight Financing Rate (SOFR) minus 0.50%. With SOFR currently at 4.35%, YLDS offers an annual yield of 3.85% APR.
Interest is accrued daily and paid monthly, either in USD or YLDS.
Investors can trade YLDS using USD or other stablecoins on Figure Markets 24/7, with the option to convert to fiat during US banking hours.
Figure Markets, a financial technology company specializing in blockchain-based solutions, developed YLDS to combine the stability of stablecoins with interest-earning capabilities, offering steady income while ensuring regulatory compliance through its SEC registration.
With a 3.85% APR, YLDS is competitively positioned against traditional fixed-income products.
While its yield is lower than the average high-yield savings account rate of 4.75%, it surpasses US Treasury bonds, where 10-year notes yield approximately 2.89% and 30-year bonds average 3.24%.
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