The U.S. Securities and Exchange Commission (SEC) has approved YLDS, the first interest-bearing stablecoin registered as a security. Developed by Figure Markets, YLDS offers stability and interest accrual while complying with regulatory requirements.
What Makes YLDS Different
YLDS stands out from popular stablecoins like USDT and USDC by being officially registered as a security with the SEC, aligning it with U.S. financial regulations. YLDS offers daily interest accrual at a rate of SOFR minus 0.50%. Users can perform peer-to-peer transfers without intermediaries and engage in round-the-clock trading and redemptions in USD and other stablecoins.
A Major Shift in Stablecoin Regulation
According to Figure Markets CEO Mike Cagney, YLDS represents a transformative change in the financial sector, impacting cross-border payments and traditional networks. The company is advancing tokenized real-world assets, processing over $41 billion in transactions on the Provenance Blockchain.
The Future of Regulated Stablecoins
The SEC's approval of YLDS could signal a new era for interest-bearing stablecoins, with further developments expected. U.S. policymakers are also increasing their focus on stablecoins, highlighting their growing significance.
The approval of YLDS by the SEC could mark a significant shift in the stablecoin landscape, creating opportunities for similar options to emerge under the SEC's regulatory framework.
