#StablecoinSurge YLDS stablecoin is the first stablecoin that earns interest and is approved by the SEC.

Figure Markets has launched YLDS, which operates on the Provenance Blockchain. It offers holders a yearly return based on the Secured Overnight Financing Rate minus 0.50%.

YLDS earns interest daily and pays it out monthly in U.S. dollars.

Users can send the token directly to each other and exchange it for U.S. dollars or other stablecoins at any time, with cash withdrawals available during banking hours.

Unlike popular stablecoins like USDT and USDC, which do not share earnings from their reserves, YLDS lets users earn interest.

This feature has opened up new investment opportunities, such as BlackRock’s BUIDL and Franklin Templeton's BENJI, which serve as guarantees for blockchain assets.

The company believes YLDS will appeal to developers adding blockchain assets to finance and payment apps.

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