Figure Markets has introduced YLDS, a yield-bearing stablecoin approved by the SEC. YLDS allows users to earn daily interest while maintaining liquidity. Unlike other stablecoins, YLDS shares reserve yields with holders. It operates on the Provenance Blockchain and provides a reliable income stream aligned with the SOFR interest rate. Figure Markets sees YLDS as a bridge between traditional finance and blockchain solutions, with potential applications in exchange collateral, cross-border transactions, and payment networks. This innovation could influence future stablecoin developments in institutional and retail finance, contributing to the growing stablecoin market capitalization exceeding $230 billion.

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