SEC Approves First Yield-Bearing Stablecoin: What This Means for the Future of Crypto

The U.S. Securities and Exchange Commission (SEC) has granted YLDS, the first interest-bearing stablecoin registered as a security, approval. Developed by Figure Markets, YLDS offers users a stablecoin that accrues daily interest while operating within a fully regulated framework. This marks a significant milestone in the evolution of stablecoins and could lead to a wave of similar innovations.