YLDS, a security used like a stablecoin… connecting idle fund yields with the lending market
Original headline스테이블코인처럼 쓰는 증권 YLDS…유휴자금 수익과 대출시장 연결
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Figure Technologies is positioning its YLDS token, a dollar-pegged debt security registered with the SEC via an S-1 filing and structured as a face-amount certificate, as a yield-bearing alternative to stablecoins for corporate treasury and lending-market allocation. YLDS head Carl Samson said in a Nov. 6 CoinDesk interview that the product combines stablecoin-style transferability with securities-law investor protections and interest payments, letting holders earn on idle balances while gaining exposure to institutional credit markets. Samson noted the structure falls outside the scope of the GENIUS Act, the U.S. stablecoin law. The pitch matters because it opens a regulated path for cash managers to move between liquidity and private credit without leaving token form. What to watch next is uptake among corporate treasuries and how YLDS's yield and transfer mechanics compare with bank deposits and money-market funds.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
YLDS, Figure, Carl Samson, SEC, GENIUS Act