According to Fortune, blockchain company Figure has received approval from the US Securities and Exchange Commission to issue its first interest bearing stablecoin, YLDS. The stablecoin will be officially registered with the SEC as a security, pegged to the US dollar, offering an annualized yield of 0.5%, and has the same financial class status as stocks and bonds. Figure Markets CEO Mike Cagney stated that YLDS will be open to users this Thursday, and holders need to complete KYC verification in order to receive daily earnings. Users who have not undergone KYC verification can hold but cannot receive returns. http://(wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=38243