Figure: SEC approves the launch of the first interest bearing stablecoin YLDS
2025-02-20 15:02
According to Foresight News, as reported by Fortune magazine, Figure has received approval from the SEC to launch its first interest bearing stablecoin, called YLDS. The stablecoin, developed by digital asset company Figure Markets, will be pegged to the US dollar and offer users a 0.5% yield, similar to cash in savings accounts.