Key Takeaways
- Solana integrates $YLDS, an SEC-approved yield-generating stablecoin, offering 3.85% APR without asset lockups.
- Figure Markets’ $YLDS is the first yield-bearing stablecoin registered as a public security, operating on Solana’s blockchain.
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Solana is set to integrate YLDS, the first SEC-regulated yield-bearing stablecoin, offering users a 3.85% annual percentage rate (APR). The stablecoin will be available 24/7 and secured on-chain, with no lockup requirements.
yield generating stablecoin on Solana soon. no lockups, use 24/7 and secured on onchain.
internet capital markets https://t.co/pYJwiP7eDr
— Solana (@solana) February 21, 2025
YLDS will benefit from Solana’s blockchain capabilities, processing up to 65,000 transactions per second with minimal fees, enabling efficient and cost-effective transactions.
The stablecoin’s yield is calculated as the Secured Overnight Financing Rate (SOFR) minus 0.50%, with SOFR currently at 4.35%. Users can earn interest that accrues daily and is paid monthly in either USD or YLDS tokens.
The stablecoin, developed by Figure Markets, received approval from the US Securities and Exchange Commission as a registered public security.
YLDS enters a market where Solana hosts approximately $11.4 billion in stablecoin market cap.
Users can trade YLDS using USD or other stablecoins on Figure Markets’ 24/7 platform, with fiat conversion available during US banking hours.
The stablecoin’s current yield positions it above US Treasury bonds, which offer 2.89% for 10-year notes and 3.24% for 30-year bonds, though below the average high-yield savings account rate of 4.75%.
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