Digital Asset Marketplace Figures Markets has introduced YLDS, the first solid of returns registered as a public security offered by the United States Stock Exchange and Securities Commission, the Corporate announced Thursday.
The stablecoin ylds, issued through the certification number Corporation Corporation, operates in the block chain of the origin and accumulates daily interests, the month paid in US dollars or tokens ylds. It is supported through the same values that the cash market prevails and will pay the holders an annual rate of the financing rate during the night (SFR) less than 50 fundamental points.
Token can be transferred in pairs and exchange for dollars or other Stablescoins 24 hours a day, with fiduciary ramps that should have American banking hours.
Stablecoins has fallen to an elegance of assets of $ two hundred billion and are increasingly popular for invoices and cross transactions. However, cutting stables such as USDT and USDC do not pay the features of functionalities that won the reserve assets, basically invoices of the American Treasury. It is there that the tokenized versions of the financial market budget or investment methods such as Buidl de Blackrock, Benji by Franklin Templeton or the USDE D’Ethena enter the market: they are increasingly used as promises or for Park in money to earn a return.
Read more: Tokenized Treasury: A game change for promises in cryptographic markets
Figures Markets is the arm of virtual technologies of active ingredients, a co -founded corporate through Mike Cagney, the former Sofi CEO. The corporation played a key role in the tokenization of genuine assets founded in blockchain (RWA), dealing with more than $ 41 billion in transactions and creating $ 11 billion in the credits of the house in the block chain of origin. The figure presented documents to release an offer to return from the GO reserve in October 2023.
The corporate expects the YLD to collect the interests of developers who seek to integrate solid and provided virtual assets in a return in decentralized finances (Defi) and payment requests.
“We see massive programs for YLDS,” said the CEO of Figures Markets, Mike Cagney, in a press release. “Explace promises, shipments of the cross transmission budget and payment rails are rapid opportunities, however, this is the beginning of a larger replacement for classical finances to the block chain. “
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