Idle capital is a choice.

Your treasury is sitting in stablecoins that can't pay you — and after GENIUS, that's unlikely to change. YLDS accrues ~% daily^{*: Navigates to * disclaimer}, moves on-chain, and is one of the only securities that transfers peer-to-peer.

Get YLDS

For large volumes, talk to our team

Interest Payable⟠: $5.8M+
Current Yield (Variable): ~%

⟠ As of May 2026

What makes YLDS different

Real time update in terms of ylds sofr rate via API

Hold it and earn. Paid monthly. No staking contracts, no claiming. Your dead capital starts working immediately.*

The yield that's still legal.

The GENIUS Act bans stablecoin yield. The CLARITY Act extends it. YLDS is a GENIUS Exempt Issuer — backed by GENIUS Compliant Collateral.

Reserve-backed. Not synthetic. Not subsidized.

Yield comes from U.S. Treasuries, not derivatives, governance votes, or protocol emissions. Big Four audited. Your risk committee won't reject this one.

The regulatory landscape changed.YLDS didn't.

2024
YLDS registered
Filed and registered under the Investment Company Act as a Face Amount Certificate
July 2025
GENIUS Act signed
Bans payment stablecoin issuers from paying yield to holders. YLDS is a GENIUS Exempt Issuer.
Pending
CLARITY Act
Extends yield restrictions to platforms. YLDS structured to remain exempt.

Built before GENIUS. Ready for whatever follows.

What you can do with YLDS

Treasury, DeFi, payments — one asset across every use case.

Hold as treasury
Replace idle USDC/USDT with YLDS. Accrue ~% daily* on protocol reserves, DAO treasuries, or fund dry powder.
Settle and send
Transfer on Stellar for < $0.01. Accrue on float in transit. Cash out to 475K+ fiat access points.

Reserve composition: US Treasuries and repurchase agreements involving US treasuries.

YLDS vs. your current Stablecoin Position

What you're giving up by sitting in USDC.

	YLDS	USDC	USDT	SDAI	BUIDL
Daily yield to holders	~%¹	0%	0%	Variable	~4-5%²
Registered security	Yes	No	No	No	Yes
GENIUS Act status	Exempt Issuer³	Restricted³	Restricted³	Restricted³	N/A³
P2P transferable	Yes	Yes	Yes	Yes	Restricted
Required reserves	Yes⁴	No (attestation)⁴	No	No	Yes⁴
Valuation	$1.00⁵*(100 YLDS = $1.00)	$1.00	$1.00	Variable	$1.00

Sources & Methodology

YLDS yield: Rate based on SOFR minus 35bps as of May 11, 2026. Yield accrues daily and is paid to holders per the terms of the YLDS prospectus. Past performance does not guarantee future results.
BUIDL yield: Reflects the BlackRock USD Institutional Digital Liquidity Fund (BUIDL) net yield range as of May 11, 2026. See issuer disclosures at securitize.io/blackrock/buidl Opens in a new window. and live fund metrics at app.rwa.xyz/assets/BUIDL Opens in a new window.. Yields vary and are not guaranteed.
GENIUS Act status: Based on Figure Certificate Company's interpretation of the GENIUS Act as enacted May 11, 2026. YLDS is treated as an exempt issuer; USDC, USDT, and SDAI are characterized as restricted under the framework. BUIDL is classified as a private security and is not within the stablecoin scope of the GENIUS Act (shown as N/A). Regulatory classifications are subject to change and may be interpreted differently by other parties.
Required reserves: YLDS and BUIDL maintain required reserves under their respective registered offering structures. USDC publishes monthly third-party attestations of its reserves rather than full audits. USDT and SDAI do not maintain required reserves in the same regulatory sense; their backing models differ and are described in their respective issuer disclosures.
Valuation: YLDS is issued in certificate units valued at $0.01 each (1 YLDS = 1 Certificate = $0.01 NAV. e.g., 100 YLDS = $1.00 NAV). USDC, USDT, and BUIDL target a $1.00 reference price; SDAI's price varies as it accrues yield via the DAI Savings Rate. Pricing mechanics, redemption procedures, and de-pegging risks differ across products.

Important Disclosures

This comparison was prepared by Figure Certificate Company for informational purposes only and does not constitute investment advice, an offer to sell, or a solicitation of an offer to buy any security. The categories and characteristics shown were selected by Figure and may not reflect all material differences between these products. Stablecoins and tokenized funds each have features and risks not fully represented here.
YLDS is a registered fixed-income security. USDC and USDT are U.S. dollar-referenced stablecoins issued by Circle and Tether, respectively, and are not securities; they are subject to a different (and evolving) regulatory framework. SDAI is a permissionless yield-bearing token associated with the MakerDAO/Sky ecosystem and carries smart-contract and protocol risks. BUIDL is a tokenized share of the BlackRock USD Institutional Digital Liquidity Fund, a registered investment vehicle with transfer restrictions. Each product carries distinct risks, fee structures, redemption mechanics, and liquidity profiles. Investors should review the YLDS prospectus and the offering documents of any compared product before making investment decisions.
Investors should review the YLDS prospectus Opens in a new window. and the offering documents of any compared product before making investment decisions.
Yield figures shown are not guaranteed and will fluctuate. Past performance is not indicative of future results. All data current as of May 11, 2026 unless otherwise noted.

How crypto organizations use YLDS

Real treasuries putting idle reserves to work.

Ondo
Treasury Allocation
$25M+ YLDS position
Allocated treasury reserves into YLDS as a registered, yield-accruing alternative to idle stablecoin holdings.
Read Press Release Opens in a new window.
Toku
Payroll
Modernizing payroll with YLDS
Using YLDS as the settlement layer for payroll disbursements — accruing on float between funding and payout.
Stellar Apps
FinTech Settlement
Fintechs building on Stellar + YLDS
Fintech companies using YLDS for cross-border settlement with sub-penny transfers and daily yield accrual.
Read Press Release Opens in a new window.