Key takeout
- YLDS is the first stablecoin that supports the yield approved by the SEC and offers an APR of 3.85%.
- Investors can trade YLDS on a continuous basis in the figure market with USD or YLD payments.
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Today, the figures market reported that the U.S. Securities and Exchange Commission approved YLD as the first yield stability registered as public safety.
Introducing Stablecoin, which includes the first ever Sec-Regulated yield: $ YLDS
Risk-free yield at SOFR – 50bps (3.85%)
✅ No staking or lockup
Buy/Sales 24×7Time for actual assets of real value. pic.twitter.com/vt1ilw5jgv
– Figure Market (@figuremarkets) February 20, 2025
YLDS operates by paying interest calculated by subtracting 0.50% from the protected overnight funding rate (SOFR). As SOFR is currently at 4.35%, YLDS offers an annual yield of 3.85% APR.
Interest is accrued daily and is paid monthly in US dollars or YLDS.
Investors can exchange YLDs using USD or other stubcoins in the figure market 24/7, 365 days a year, and have the option to convert them to Fiat during US bank hours.
Figure Market, a financial technology company specializing in blockchain-based solutions, has developed YLDS to combine stable and profitability capabilities to provide stable income while ensuring regulatory compliance through SEC registration. did.
With an APR of 3.85%, YLDS is positioned competitively against traditional bond products.
Its yield is lower than the average high-yield savings account fee of 4.75%, but 10-year bonds exceed U.S. Treasury debt, which is around 2.89% and 30-year bonds, which is averaged 3.24%.
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