$SOL According to Cointelegraph, stablecoins have surged in popularity due to constraints within the U.S. financial system, particularly limited banking hours and the absence of non-USD trading pairs. Jerald David, president of Arca Labs, highlighted these issues during a panel at the TokenizeThis 2025 event on April 16. The discussion focused on yieldcoins, a type of cryptocurrency that can generate returns through holding, staking, or lending, similar to stablecoins. David emphasized that traditional nine-to-five banking hours are inadequate for the needs of a 24-hour industry. He noted that upcoming payment systems are expected to integrate yield-bearing instruments with stabletokens, addressing these limitations.
The panel also addressed Know Your Customer (KYC) procedures, which are crucial for tax compliance. A representative from Figure Markets stated that all yield-bearing stablecoin holders would need to undergo KYC checks.