The company Figure Markets received approval from the SEC to launch the first stablecoin with an interest rate in the U.S., YLDS, which is pegged to the dollar and offers a 3.85 percent yield. This is an important step for the stablecoin market as it demonstrates the U.S. regulators' readiness for innovation in the cryptocurrency space. The CEO of the company, Mike Cagney, noted that such a stablecoin could replace traditional banking services by giving users the ability to store funds independently, earn interest, and conduct transactions.
2/22/2025 8:21:36 AM (GMT+1)
SEC approved the first U.S. interest-bearing stablecoin from Figure Markets, offering a 3.85 percent yield and available for independent storage and transactions
19
Total views in all languages
Share: 100
x3
This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
Top Articles of the Last 10 Days
The hacker group Dark Storm has claimed responsibility for the large-scale cyberattack that caused disruptions on the social network X (formerly Twitter)
Nigeria receives $60 million from confiscated US assets after Tigran Gambaryan’s release, strengthening cooperation in the fight against corruption and financial crimes
The hack of an anonymous TRON wallet led to a loss of $3.1 million: Researcher ZachXBT connects this incident to the attack on the Fantom Foundation in 2023, when $7 million was stolen
The court dismisses the lawsuit against DOGE by Elon Musk, allowing access to data from the U.S. Department of Treasury despite concerns about leaks of confidential information
Ronaldinho launches the STAR10 token on the BNB blockchain: a new project combining football and blockchain with exclusive events, but raising questions due to insider transactions
The Prime Minister of Vietnam has ordered the development of a legal framework for cryptocurrencies to create a legal basis for digital assets and support their development in the country
Binance will remove nine stablecoins, including USDT and DAI, from March 31 in Europe to comply with the MiCA regulation, while support for storing and withdrawing tokens will remain
