*The United States Securities and Exchange Commission (SEC) Approves Yield-Bearing STABLECOIN as Crypto Regulations Evolves*
Updated: Thursday, 20/02/202
https://tinyurl.com/2dbwcq3r?tg=1740086563
The newly approved stablecoin, YLDs, is issued by Figure Markets and will reportedly invest in US treasuries and commercial paper.
Trump administration’s executive order on digital assets supports THE GROWTH OF DOLLAR-BACKED STABLECOINS.
......the SEC approved securities from Figure Certificate Co., allowing the company to offer a yield-bearing stablecoin known as YLDs. Unlike traditional stablecoins, which earn issuers revenue but provide no direct returns to holders, YLDs will generate yield by investing reserves in securities such as U.S. Treasuries and commercial paper.
The SEC has classified YLDs stablecoins as “certificates,” making them subject to securities regulations. This sets them apart from other major stablecoins like Tether’s USDT, which does not offer yield to users despite earning billions in reserve income.
Updated: Thursday, 20/02/202
https://tinyurl.com/2dbwcq3r?tg=1740086563
The newly approved stablecoin, YLDs, is issued by Figure Markets and will reportedly invest in US treasuries and commercial paper.
Trump administration’s executive order on digital assets supports THE GROWTH OF DOLLAR-BACKED STABLECOINS.
......the SEC approved securities from Figure Certificate Co., allowing the company to offer a yield-bearing stablecoin known as YLDs. Unlike traditional stablecoins, which earn issuers revenue but provide no direct returns to holders, YLDs will generate yield by investing reserves in securities such as U.S. Treasuries and commercial paper.
The SEC has classified YLDs stablecoins as “certificates,” making them subject to securities regulations. This sets them apart from other major stablecoins like Tether’s USDT, which does not offer yield to users despite earning billions in reserve income.
*🇺🇸The United States Securities and Exchange Commission (SEC) Approves Yield-Bearing STABLECOIN as Crypto Regulations Evolves*
Updated: Thursday, 20/02/202
https://tinyurl.com/2dbwcq3r?tg=1740086563
🌕The newly approved stablecoin, YLDs, is issued by Figure Markets and will reportedly invest in US treasuries and commercial paper.
🌕Trump administration’s executive order on digital assets supports THE GROWTH OF DOLLAR-BACKED STABLECOINS.
......the SEC approved securities from Figure Certificate Co., allowing the company to offer a yield-bearing stablecoin known as YLDs. Unlike traditional stablecoins, which earn issuers revenue but provide no direct returns to holders, YLDs will generate yield by investing reserves in securities such as U.S. Treasuries and commercial paper.
The SEC has classified YLDs stablecoins as “certificates,” making them subject to securities regulations. This sets them apart from other major stablecoins like Tether’s USDT, which does not offer yield to users despite earning billions in reserve income.
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