The Approval of YLDS: A Revolutionary Stablecoin
The US Securities and Exchange Commission (SEC) has recently made history by approving YLDS, the first yield-bearing stablecoin. This groundbreaking decision marks a significant milestone in the world of digital assets, as YLDS is now officially registered as a public security.
Key Highlights of YLDS:
- The US SEC has given the green light to YLDS, offering a lucrative 3.85% APR.
- YLDS is actively traded on Figure Markets, providing investors with round-the-clock access to trading opportunities.
- Investors can choose to receive their APR payouts in either USD or YLDS tokens.
The Yield Potential of YLDS
Unlike traditional stablecoins that are pegged to fiat currencies and offer price stability without any returns, YLDS introduces a unique feature – a consistent yield for its holders. With an impressive 3.85% APR, YLDS stands out in the fixed-income landscape, surpassing US Treasury bond yields.
Key Features of YLDS’ Yield:
- The APR of 3.85% is calculated based on the Secured Overnight Financing Rate (SOFR) minus a 0.50% spread.
- Investors can opt to receive their payouts in USD or additional YLDS tokens.
- YLDS’ reliance on SOFR ensures that its yield adjusts with broader economic conditions, providing stability for risk-averse investors.
Trading and Accessibility of YLDS
YLDS is readily available for trading on Figure Markets’ platform, which operates 24/7, allowing investors to buy, sell, or exchange the stablecoin using USD or other stablecoins at their convenience. Additionally, conversions into fiat currency can be conducted during standard US banking hours.
By combining the stability of traditional financial instruments with the innovation of blockchain technology, YLDS offers investors a unique opportunity to diversify their portfolios and earn passive income in a regulated and secure environment.
