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