ChainCatcher news, Solana forwards Figure Markets' tweet stating that it will soon launch an interest-bearing stablecoin, with no lock-up and can be used securely on-chain.According to the Web3 asset data platform RootData, [Figure Markets](https://www.rootdata.com/zh/Projects/detail/Figure Markets?k=MTE5MjA= "Cryptocurrency, Stock, and Alternative Investment Platform") combines the liquidity of traditional finance with decentralized asset control, providing investors with a variety of blockchain-native assets, including cryptocurrencies, stocks, and alternative investments. Figure Markets will launch a decentralized custody cryptocurrency exchange and blockchain-native security market based on the Provenance blockchain, which includes multi-party computation (MPC) technology.YLDS is the "yield-bearing stablecoin" launched by Figure Markets, set to go live on February 20, 2025. It is pegged to the US dollar at a 1:1 ratio and is registered as a public security with the SEC, offering yields with a current annual yield rate of approximately 3.85%.

ChainCatcher news, according to Fortune magazine, the U.S. Securities and Exchange Commission (SEC) has approved an interest-bearing stablecoin application for the first time.This stablecoin, named YLDS, was developed by the digital asset company Figure Markets. It will be pegged to the U.S. dollar and offer users an approximate 3.85% yield, similar to cash in a savings account. While other major stablecoins like USDC and USDT remain in a regulatory gray area, YLDS will be officially registered as a security with the SEC. Figure CEO Mike Cagney stated in an interview with Fortune that this places YLDS in the same financial category as stocks or bonds.Documents on the SEC website show that Figure's application was approved on Tuesday. The agency's spokesperson did not immediately respond to requests for comment.