SEC approves first interest-bearing stablecoin, YLDS, with 0.5% yield

The Securities and Exchange Commission (SEC) has approved YLDS, making it the first-ever interest-bearing stablecoin registered as a security in the United States, according to a report from Fortune. The YLDS stablecoin, launched by Figure Markets, will be pegged to the US dollar and offer users a 0.5% yield, which puts it in direct competition […] source: https://www.cryptopolitan.com/sec-approve-first-interest-bearing-ylds/