Figure plans to introduce the tokenized stablecoin YLDS to Solana
BlockBeats News, December 11, according to businessinsider, Figure Technology's subsidiary Figure Certificate Company (FCC) plans to natively mint YLDS—a registered public debt security—on the Solana blockchain.
It is reported that YLDS is a securitized stablecoin designed to maintain a fixed US dollar price and provide continuous yield through US Treasury bonds and Treasury repurchase agreements. The decentralized finance yield exchange platform Exponent Finance on Solana plans to become the first user of YLDS.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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