SEC Approves First Yield Stablecoin: Implications for Crypto

The U.S. Securities and Exchange Commission (SEC) has granted approval to YLDS, the first interest-bearing stablecoin registered as a security. Developed by Figure Markets, YLDS offers users access to a stablecoin that accrues daily interest while operating within a fully regulated framework, marking a significant milestone for stablecoin regulation in the crypto space.