Solana News Update: Figure's $YLDS: Connecting Wall Street and DeFi Through Regulatory-Compliant Yields
- Figure launches $YLDS, a SEC-registered Solana-based stablecoin backed by U.S. Treasuries and repo agreements. - The token bridges traditional finance and DeFi by offering yield-generating, dollar-pegged assets on-chain via Exponent Finance. - $YLDS supports cross-border payments and liquidity provision while complying with U.S. regulations, enhancing Solana's institutional DeFi appeal. - Figure's initiative aligns with Solana's $1B+ RWA market growth, expanding fiat on/off ramps and tokenized asset inte
Figure Unveils $YLDS, a Yield-Generating Debt Instrument on
Figure Technology Solutions, Inc. (Nasdaq: FIGR) has introduced $YLDS, a publicly registered debt instrument that operates directly on the Solana blockchain. This product delivers returns supported by U.S. Treasuries and repurchase agreements. Developed in collaboration with Exponent Finance, the token is intended to connect traditional and decentralized finance by offering regulatory-compliant, on-chain access to yield-producing assets, as highlighted in a
Exponent Finance, a prominent yield exchange in Solana’s DeFi space, will be the first to integrate $YLDS, allowing users to tap into yield strategies within decentralized platforms. This partnership highlights Solana’s increasing attractiveness for RWA adoption, with the network’s RWA market nearing $1 billion in value, according to
This launch represents a significant step for Figure, which has originated loans exceeding $19 billion. CEO Mike Cagney stressed the project’s role in “future-proofing fiat infrastructure on Solana” and bringing an SEC-compliant, yield-bearing stablecoin to the network, as
$YLDS brings three main benefits to Solana: immediate real-world use cases such as international payments and trade settlements, adherence to U.S. securities laws, and smooth compatibility with DeFi applications, according to
Figure’s initiative reflects a broader movement in blockchain finance, where tokenized assets are increasingly seen as a link between established markets and decentralized platforms. With $YLDS, Figure aims to fill gaps in fiat on/off ramps and yield options, appealing to both individual and institutional investors looking for compliant blockchain-based financial solutions, as
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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