Figure is launching a securitized stablecoin YLDS on Solana, backed by US bonds and capable of generating yields.

2025-12-11 00:58:19

Abstract generation in progress

【Blockchain Rhythm】Just saw a message that a subsidiary called FCC under Figure Technology is launching something called YLDS on Solana. This thing is quite special; it is a registered public debt security, directly minted natively on the chain.

In simple terms, YLDS is a securitized stablecoin. Its price is anchored to the US dollar, but unlike ordinary stablecoins, it is backed by US Treasuries and repurchase agreements, providing holders with continuous yields.

Interestingly, the DeFi yield swapping platform Exponent Finance on Solana plans to be the first to try it out and become one of the initial users of YLDS.

This approach of bringing traditional financial assets directly onto the chain is indeed a new attempt in the RWA (Real World Asset) track. After all, being able to maintain stablecoin properties while earning yields should be quite attractive to many DeFi players.

It will be interesting to see what new tricks this product can play within the Solana ecosystem.

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NotSatoshi

· 12-11 01:27

Going on-chain with US debt? That's a pretty wild idea. Who would've thought stablecoins could still generate returns?

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AirdropBlackHole

· 12-11 01:27

The idea of bringing US debt onto the blockchain sounds quite romantic, but can it really work? --- Damn, another stablecoin. Solana is really turning into a testing ground for stablecoins. --- I like the fact that there are yields, just worried that one day something weird might happen. --- Figure, are you serious this time or just another hype coin? --- Why do I always feel like this will turn around in some bizarre way... --- Backed by US debt + Solana’s fast chain, there’s definitely some imagination space. --- Exponent dares to be the first, they’ve got some guts. --- Honestly, this sounds more reliable than just packaging a stablecoin.

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TooScaredToSell