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Figure Obtained approval from the US Securities and Exchange Commission to issue the first interest bearing stablecoin

PANews
PANews|Feb 20, 2025 15:03
According to Fortune, Figure has received approval from the US Securities and Exchange Commission to issue its first interest bearing stablecoin, but a spokesperson for the agency did not immediately respond to a request for comment. It is reported that the stablecoin is called YLDS, developed by digital asset company Figure Markets, and will be pegged to the US dollar, offering users a 0.5% yield similar to cash in savings accounts.
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