SEC Approves First Yield-Bearing Stablecoin YLDS with 3.85% APR
- YLDS is the first yield-bearing stablecoin approved by the SEC.
- It offers an annual percentage rate (APR) of 3.85%.
- The interest rate is calculated as the Secured Overnight Financing Rate (SOFR) minus 0.50%.
- Investors can trade YLDS on Figure Markets continuously, with payouts in USD or YLDS.
- Interest is accrued daily and paid monthly.
YLDS, developed by Figure Markets, combines stablecoin stability with a yield of 3.85% APR, offering a competitive alternative to traditional fixed-income products like US Treasury bonds.
Source (2.6)https://cryptobriefing.com/yield-bearing-stablecoin-sec-approval/?rand=59535
