Key takeout
Solana integrates $YLDS, a Stablecoin that generates SEC-approved yields, offering a 3.85% APR without asset lockup. Figure Market’s $YLDS is the first Stablecoin registered as a public safety company operated on the Solana blockchain.
Please share this article
Solana is set up to integrate YLD, the first Sec-Regulated Heard Bearing Stablecoin, and offers users an annual rate of 3.85% (APR). Stablecoin is now available 24/7, with no lock-up requirements and protection for on-chain.
It will soon be happening to generate Stablecoin in Solana. There is no lockup. Use 24/7 and secure with Onchain.
Internet Capital Market https://t.co/pyjwip7edr
– Solana (@solana) February 21, 2025
YLDS benefits from Solana’s blockchain capabilities, processing transactions of up to 65,000 seconds with minimal fees, enabling efficient and cost-effective transactions.
Stablecoin yields are calculated by subtracting 0.50% from the secure, continuous funding rate (SOFR), and currently has a SOFR of 4.35%. Users can capture interest that occurs daily and is paid monthly with either USD or YLDS tokens.
Developed by the figure market, Stablecoin has been approved by the US Securities and Exchange Commission as a registered public safety.
YLDS will enter a market where Solana hosts approximately $11.4 billion in Stablecoin’s market capitalization.
Users can exchange YLDs using USD or other stubcoins on Figure Market’s 24/7 platform, and use Fiat conversions during US bank hours.
Stablecoin’s current yields sit on top of US Treasury bonds, offering 2.89% in 10-year notes and 3.24% in 30-year notes, while the average high-yield savings account fee is 4.75% It’s below.
Please share this article
