SEC Approves First Yield Stablecoin: A Major Turning Point for Crypto?

The US Securities and Exchange Commission (SEC) has granted approval to YLDS, the first interest-bearing stablecoin officially registered as a security. This significant development marks a potential paradigm shift in the cryptocurrency landscape. Developed by Figure Markets, YLDS offers users a stablecoin that accrues daily interest while operating within a fully regulated framework, bringing stability and transparency to the previously unregulated world of cryptocurrencies.