ylds
YLDS represents a groundbreaking innovation in blockchain-based finance as the first interest-bearing stablecoin alternative to achieve SEC registration as a public security, marking a significant convergence point between traditional financial regulation and blockchain-native functionality. Developed by Figure Markets and built on the Provenance Blockchain, YLDS functions as a fixed-price, daily accrual public debt security that maintains a stable 1:1 peg to the US dollar while simultaneously generating yield at a rate of SOFR minus 50 basis points. Unlike traditional stablecoins that rely on fiat collateralization or algorithmic stabilization mechanisms, YLDS derives its value and stability from holdings of the same high-quality short-term securities that back prime money market funds, creating a regulatory-compliant digital asset that bridges institutional finance requirements with blockchain technology's efficiency advantages. The technical implementation leverages Multi-Party Computation (MPC) wallet security, decentralized custody protocols, and sophisticated on-chain security perfection mechanisms to enable users to maintain control of their assets while satisfying all necessary regulatory requirements. YLDS serves as the foundational settlement layer for Figure Markets' Democratized Prime protocol, where it facilitates a novel hourly dutch auction mechanism that connects lenders with borrowers across multiple asset classes including real-world home equity lines of credit (HELOCs) and margin trading positions. This integration creates a powerful network effect where YLDS not only maintains price stability but also generates sustainable yield through actual cash flows from underlying assets rather than token inflation or speculative mechanisms. The security classification as a registered public securityissued through Figure Markets' wholly owned subsidiary, Figure Certificate Companyprovides clear legal protections for holders under established securities law frameworks while enabling 24/7 peer-to-peer transferability that traditional financial instruments cannot match. The technical architecture has been designed for maximum interoperability across diverse financial applications, with standardized APIs that enable integration with both blockchain-native DeFi protocols and traditional financial infrastructure. YLDS distinguishes itself from previous stablecoin implementations through its regulatory-first design approach that embeds compliance requirements directly into the protocol layer rather than treating them as secondary considerations, creating a sustainable model for institutional adoption of yield-bearing digital assets. The project represents a significant evolution in blockchain finance by demonstrating how sophisticated financial instruments can be reimagined for the digital age without compromising regulatory compliance or operational stability, potentially establishing a new standard for regulated digital assets that could facilitate broader institutional participation in blockchain-based financial markets.
$1
Summarize recent on chain activityYLDS recent Whale ActivityCoins top profitable wallets of YLDS are buyingMarket Cap
$3,416,029
24h Trading Vol
$10,000
All Time High
N/A
All Time Low
N/A
Total Supply
N/A
Max Supply
∞
Circulating Supply
N/A
Categories
Chains
Contracts
uylds.....fcc
