Figure Introduces $YLDS on Solana, Enabling RWA Utility for DeFi

Figure Technology Solutions (Nasdaq: FIGR) announced that its subsidiary, Figure Certificate Company (FCC), plans to start minting $YLDS, a registered public debt security, natively on Solana. $YLDS is described as being a security-version of stablecoin, intended to maintain a fixed dollar price and offer a “continuous yield” that is said to be backed by U.S. Treasuries and Treasury repo agreements. Exponent Finance, a decentralized finance yield exchange platform on Solana, intends “to be the first user of ...