May 13
Figure Launches YLDS, First Regulated Yield-Bearing Dollar Product on Stellar - Tech | Business | Economy
Figure Technology has launched YLDS on the Stellar network, marking the first time a regulated yield-bearing dollar product is on the network
➤ Figure has launched YLDS, a regulated, yield-bearing dollar product, on the Stellar network, marking a significant step for on-chain finance. ➤ YLDS aims to provide regulated entities, fintechs, and neobanks with a compliant way to hold dollars, earn yield, and move money on-chain. ➤ The product is particularly targeted at regions like LATAM, where dollar-denominated savings are a necessity due to currency devaluation, offering a regulated alternative to informal savings methods.