what's YLDS?
YLDS is a yield-bearing stablecoin issued by Figure Markets, a regulated financial technology platform. It maintains a stable value pegged to the US dollar while providing holders with passive yield derived from underlying assets, primarily short-term US Treasury securities and repurchase agreements. As an SEC-registered security token, YLDS offers compliant access to interest-bearing digital assets, enabling seamless transfers on blockchain networks like Provenance and now Sui, with daily accrual and monthly payouts in USD or additional YLDS tokens. The token's design bridges traditional finance and DeFi by combining stability with yield generation, backed by high-quality, low-risk collateral to minimize volatility. Users can hold YLDS for yield without needing to stake or lend elsewhere, and it supports peer-to-peer transfers and integration into DeFi protocols. Issued through Figure Certificate Company, YLDS emphasizes regulatory adherence, making it suitable for both retail and institutional investors seeking secure, on-chain dollar exposure with returns.
YLDS saw 94x asset growth, from $4M to $370M, in seven months.
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provenance
Grew from $4 million in assets at launch to $370 million seven months later, representing 94x growth.
Increased TVL by 65.6% over 30 days, remaining above $1 billion in total value locked.
Reached $598M in circulation as of Q1 2026, up 83% QoQ.
Ondo Finance announces $25M investment in YLDS to power OUSG, its flagship tokenized fund with over $780M TVL, adding YLDS as a yield source alongside BlackRock, Fidelity, and other major asset managers.
Figure launched on Solana blockchain in February 2025 as an SEC-registered digital security, expanding from Sui for RWA utility in DeFi.
Reaches $14B TVL from active loans, capturing 73% of the tokenized private credit market. Offers yield-bearing stablecoin product with 3-4% APY tied to SOFR minus 50 basis points, accruing daily and paid monthly in USD or YLDS.
YLDS vault TVL reaches $180M as of November 3, 2025, with DeepBook processing $1.2B daily volume (68% from YLDS pairs) and Sui recording $420M in 30-day stablecoin inflows. Future roadmap includes SUI as collateral for Figure's HELOC book, cross-chain expansion to Ethereum L2s and Solana, and BlackRock BUIDL atomic swap integration.
Figure Markets introduces Democratized Prime product with hourly Dutch auctions for YLDS lending, reporting recent clearing rates of 8.5% APY and accepting both crypto and HELOC collateral.
DeepBook's new margin system integrates YLDS to transform idle USDC into yield-bearing assets. Mike Cagney from Figure schedules Twitter Space for November 3rd at 1pm EST to discuss the project.
Figure completes Nasdaq IPO with ticker FIGR and marks new focus on Sui blockchain.
Filed 424B4 prospectus with SEC for regulated yield-bearing stablecoin on Provenance, Solana, Ethereum, Sui, and Avalanche; is an SEC-registered yield-bearing stablecoin.
$12B moved onchain through RWA platform with 170+ partners and billions in active home equity loans settled on Provenance.
9% yield offering available, backed by home equity loans through real-world asset tokenization.