YLDS

YLDS Price

About YLDS (YLDS)

YLDS is a regulatory-compliant, yield-bearing stablecoin designed to provide a stable digital representation of the US Dollar while accruing interest from underlying government-backed investments.

• SEC Registration: Operates as a registered public debt security under the U.S. Securities Act, providing a level of regulatory clarity uncommon in the stablecoin market.
• Native Yield: Automatically accrues yield derived from a portfolio of U.S. Treasuries and Treasury repurchase agreements.
• Multi-Chain Availability: Natively issued on the Provenance Blockchain with expanded availability on the Solana network.

What Is YLDS

YLDS is an interest-bearing digital asset launched by Figure Markets through its subsidiary, Figure Certificate Company (FCC). It was developed to address the need for a stablecoin that combines the efficiency of blockchain technology with the legal protections of a registered security. Each YLDS token represents a transferable digital certificate, functioning similarly to a tokenized money market fund.

Value moves through the system as investors purchase YLDS, which is then backed 1:1 by a reserve of high-quality liquid assets. Unlike traditional stablecoins that often distribute yield to the issuer or through complex DeFi protocols, YLDS is designed to pass value directly to the holder through its interest-bearing structure. This mechanism scales with the ecosystem, as increased adoption leads to a larger pool of managed assets and potentially greater liquidity for users.

The token serves as a primary tool for value retention and settlement within the Figure Markets ecosystem and the broader decentralized finance landscape. By operating as a registered security, it aims to bridge the gap between traditional finance (TradFi) and on-chain applications, allowing institutional and retail users to interact with Real World Assets (RWA) in a compliant environment.

What Makes YLDS Unique

• Regulatory Framework: Unlike many existing stablecoins that operate in a gray area, YLDS is registered under Section 5 of the U.S. Securities Act of 1933, and its issuer is registered as an investment company under the Investment Company Act of 1940.
• Face-Amount Certificate Structure: It is legally classified as an unsecured face-amount certificate, a specific type of debt security that promises a fixed sum at a future date plus interest.
• Transparent Backing: The asset is solely backed by investments similar to those of a prime money market fund, specifically U.S. Treasuries and Treasury repo agreements, ensuring high liquidity and low credit risk.

What Can You Use YLDS for?

YLDS is pegged to the US Dollar and serves several core functions based on its structural design:

1. Value retention: The asset allows users to hold a digital, on-chain representation of the US Dollar, providing a mechanism to reduce exposure to crypto-market volatility while maintaining price stability.
2. Yield generation: YLDS is backed by U.S. Treasuries and Treasury repurchase agreements, allowing holders to earn a native yield that reflects the performance of these underlying government instruments.
3. Cross-border settlement / value transfer: It functions as a compliant and efficient payment mechanism for global transactions, enabling the frictionless transfer of US Dollar value across blockchain networks.
4. Collateralization: Its status as a registered security and its stable value make it suitable for use as backing in borrowing and lending protocols or as margin for derivatives trading, as supported by the Figure Markets platform.

How Does YLDS Work?

YLDS operates as a digital representation of a debt security on public ledgers. When a user acquires YLDS, the issuer, Figure Certificate Company, mints the tokens and allocates the corresponding capital into a reserve of U.S. Treasuries and repurchase agreements. This process is authenticated and permanently recorded on the blockchain, ensuring a verifiable record of ownership and transfer.

As an application utility token, YLDS is used to settle transactions and pay protocol service fees within its native ecosystem. It does not function as a network gas token; instead, transactions involving YLDS require the native gas of the underlying blockchain (such as HASH on Provenance or SOL on Solana) to process. The interest earned by the underlying treasury portfolio is reflected in the value or distribution of the certificates, providing a continuous yield to the holder.

Team Info and Investors

YLDS was developed by Figure Markets Holdings, Inc. (FMHI) and is issued through Figure Certificate Company (FCC). Figure Markets is a financial technology firm founded by Mike Cagney, who also co-founded SoFi. The project is part of a broader ecosystem that includes the Provenance Blockchain, a decentralized Layer 1 network designed for the financial services industry. The project has received backing from prominent institutional investors in the blockchain and fintech sectors, focusing on creating compliant DeFi infrastructure.

Where can you buy YLDS?

YLDS tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade YLDS is Figure Markets, where the most active trading pair FGRS/YLDS has a trading volume of $111,459.00 in the last 24 hours.

What is the daily trading volume of YLDS (YLDS)?

The trading volume of YLDS (YLDS) is $10,607,679.06 in the last 24 hours, representing a -36.70% decrease from one day ago and signalling a recent fall in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for YLDS (YLDS)?

YLDS (YLDS) reached an all-time high of $1.00 and an all-time low of $0.9992. It’s now trading -0.10% below that peak and 0.10% above its lowest price.

What is the market cap of YLDS (YLDS)?

Market capitalization of YLDS (YLDS) is $564,069,796 and is ranked #94 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of YLDS tokens (560 Million tokens are tradable on the market today).

What is the fully diluted valuation of YLDS (YLDS)?

The fully diluted valuation (FDV) of YLDS (YLDS) is $564,069,796. This is a statistical representation of the maximum market cap, assuming total number of 560 Million ETH tokens are in circulation today.

How does the price performance of YLDS compare against its peers?

With a price increase of 0.00% in the last 7 days, YLDS (YLDS) is outperforming the global cryptocurrency market which is down -3.00%, while outperforming when compared to similar Stablecoins cryptocurrencies which are down -0.30%.