The Solana blockchain network is introducing a significant innovation to the stablecoin market with the integration of YLDS, the first SEC-regulated stablecoin that promises an annual percentage yield of 3.85%. This new addition to the Solana ecosystem will be available continuously, operating 24 hours a day, seven days a week, with no lock-up requirements.
YLDS leverages Solana’s robust blockchain infrastructure, which is capable of processing up to 65,000 transactions per second at extremely low costs. This not only benefits users with faster and cheaper transactions but also enables a more efficient method of earning yield.
Interest on YLDS is calculated based on the Secured Overnight Financing Rate (SOFR) minus 0.50%. With the current SOFR at 4.35%, users can accrue daily interest, which is paid out monthly, in either USD or YLDS tokens.
yield generating stablecoin on Solana soon. no lockups, use 24/7 and secured on onchain.
internet capital markets
https://t.co/pYJwiP7eDr
— Solana (@solana)
February 21, 2025
Figure Markets, the developer of the stablecoin, has secured approval from the U.S. Securities and Exchange Commission (SEC), registering it as a public security. This brings an additional layer of security and confidence for investors.
The launch of YLDS comes as Solana already plays a pivotal role in the stablecoin market, hosting approximately $11.4 billion in market cap. Additionally, the stablecoin can be traded for USD or other stablecoins on Figure Markets’ platform, with fiat conversion options available during U.S. banking hours.
By comparison, the YLDS’s 3.85% yield is higher than the 10-year Treasury bond, which currently offers a return of 2.89%, and the 30-year bond, which yields 3.24%. However, it falls below the average for high-yield savings accounts, which is 4.75%.
At the time of publication, the price of SOL was quoted at US$173.23 with a drop of 2.8% in the last 24 hours.
Solana Integrates SEC-Approved YLDS Stablecoin Offering a 3.85% APR