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Solana Integrates SEC-Approved Yield Stablecoin

Solana Integrates SEC-Approved Yield-Generating Stablecoin YLDS

  • Solana will integrate $YLDS, offering a 3.85% annual percentage rate (APR) with no asset lockups.
  • $YLDS is the first yield-bearing stablecoin registered as a public security by the SEC.
  • The stablecoin operates on Solana’s blockchain, processing up to 65,000 transactions per second.
  • Interest accrues daily and is paid monthly in USD or YLDS tokens.
  • The yield is based on the Secured Overnight Financing Rate (SOFR) minus 0.50%, with SOFR currently at 4.35%.

Solana’s integration of $YLDS allows users to earn a competitive yield of 3.85% APR without locking up assets, leveraging Solana’s high transaction capacity and low fees for efficient operations.

Source (2.6)https://cryptobriefing.com/sec-approved-stablecoin-solana-integration/?rand=59535
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