Solana, a blockchain platform, has announced that it will integrate YLDS, the first SEC-regulated yield-bearing stablecoin. YLDS will offer users a 3.85% annual percentage rate (APR), with no lockup requirements and available 24/7. Built on Solana's blockchain, YLDS will benefit from its processing capabilities of up to 65,000 transactions per second with minimal fees, enabling efficient and cost-effective transactions. The stablecoin's yield is calculated based on the Secured Overnight Financing Rate (SOFR) minus 0.50%, with interest accruing daily and paid monthly in either USD or YLDS tokens. YLDS has received approval from the US Securities and Exchange Commission and will enter a market where Solana already hosts approximately $11.4 billion in stablecoin market cap. Users can trade YLDS using USD or other stablecoins on Figure Markets' platform, with fiat conversion available during US banking hours. The stablecoin's current yield puts it above US Treasury bonds but below the average high-yield savings account rate.



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