Solana: Will Launch Yield-Generating Stablecoin

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%.