Your stablecoins
should be earning.
Accrue ~% daily with YLDS*: Navigates to * disclaimer — the only SEC-registered fixed-income debt security that transfers peer-to-peer on-chain. Send it anywhere. Settle instantly.
Get YLDSFor large volumes, talk to our teamWhat makes YLDS different
Not a stablecoin. A security that acts like one.
Earn ~%, just by holding it.
Figure Markets runs on Provenance, a purpose-built blockchain trusted by major institutions for fast, transparent, on-chain settlement of loans, trades, and real-world assets.
Send it to anyone, anytime.
Subject to applicable law and having a compatible self-custody wallet. Eligible users only.
Settle at $0.01. Always.
Redeem to USD whenever you want. No gates, no surprises. $0.01 par value (1 YLDS = 1 Certificate = $0.01 NAV. e.g., 100 YLDS = $1.00 NAV), Big Four Audited.
Built for what's coming.
Registered under the Investment Company Act. Exempt from the yield prohibition in the GENIUS Act and further restrictions expected in the CLARITY Act.
By the Numbers
- -Market Cap †
- ~%Current Yield (Variable)
- 2Chains live
- 24/7Settlement
- $5.8 MInterest payable⟠⟠As of May 2026
Transparency
Annual Audits. Registered structure. NAV calculated daily.
- Market Cap †-
- Annual AuditBig Four Audited
- Par Value$0.011 YLDS = 1 Certificate = $0.01 NAV (e.g., 100 YLDS = $1.00 NAV)
How it works
Audited reserves. Registered structure. NAV calculated daily.
1
Mint
Total AUM
2
Accrue
~% accrues daily (variable)
3
Use
Transfer, collateralize, or settle. 24/7.
4
Redeem
As fast as same day. Credit-line-backed liquidity.
One asset, every audience
YLDS meets you where you are.
For Crypto
Treasuries · DAOs · VCs · DeFi
Replace idle USDC/USDT with ~% daily yield.*: Navigates to * disclaimer Exempt from the GENIUS Act yield prohibition with the same reserve as GENIUS Act compliant stablecoins.
For Institutions
Banks · Fintechs · Funds · Corporate
Registered security. Audits from a Big Four firm. $0.01 par value (1 YLDS = 1 Certificate = $0.01 NAV. e.g., 100 YLDS = $1.00 NAV). The structure your compliance team will approve and your treasury team has been asking for.
Developers & Ecosystems
Foundations · Protocols · Wallets · Platforms
Bring YLDS to your chain and offer your users stable, compliant yield.
Secured Overnight Financing Rate (SOFR)
Source: Federal Reserve Bank of New York.
Rate
Latest
SOFR (Daily)
Overnight rate
—
30-Day Average SOFR
One-month average (compounded, in arrears)
—
90-Day Average SOFR
Three-month average (compounded, in arrears)
—
180-Day Average SOFR
Six-month average (compounded, in arrears)
—
SOFR is administered and published by the Federal Reserve Bank of New York. SOFR Averages are backward-looking compounded averages of realized overnight SOFR over 30-, 90-, and 180-calendar-day tenors. Use of this data is subject to the Terms of Use posted at newyorkfed.org Opens in a new window.. The New York Fed is not responsible for publication of these rates by FCC, does not sanction or endorse any particular republication, and has no liability for its use.
Frequently asked questions
YLDS is a registered fixed-income security, not a stablecoin. Its par value is pegged to the dollar (1 YLDS = 1 Certificate = $0.01 NAV. e.g., 100 YLDS = $1.00 NAV) and accrues ~% daily to holders*: Navigates to * disclaimer (variable rate, based on SOFR minus 35bps). Unlike stablecoins, YLDS is registered under the Investment Company Act and is structured to distribute yield to holders. Read the prospectus for full details.
YLDS is available through the Figure Markets website or mobile application. All holders must successfully onboard and complete KYC. Eligibility may vary by jurisdiction.
Minimum is a single certificate. Certificates are worth $0.01.
YLDS can be held globally, by eligible retail and institutional customers.
YLDS is a registered fixed-income security, not a stablecoin. It maintains a $0.01 NAV and accrues ~% daily to holders (variable rate, based on SOFR minus 35bps). Unlike stablecoins, YLDS is registered under the Investment Company Act and is structured to distribute yield to holders. Read the prospectus for full details.
YLDS and its issuer, Figure Certificate Company, are subject to state and federal securities laws and the oversight of various regulators.
The transferable digital face-amount certificates issued by FCC have similarities to a stablecoin, but YLDS is a security.
A face-amount certificate is an investment product (regulated under the Investment Company Act of 1940) where the issuer promises to pay the investor a fixed, predetermined amount ("face-amount"). Face-amount certificates are a specific category under the Investment Company act and are not widely issued today.
The reserves for YLDS are reported on a quarterly basis in the financial statements in our public periodic reports filed with the SEC.
Interest is paid in kind on the first business day of the month. Customers may also elect to receive interest in U.S. dollars.
Yes. YLDS holders can notify FCC and the transfer agent can - under certain situations - mint replacement tokens.
KYC'ed holders of YLDS can redeem for fiat through figuremarkets.com Opens in a new window. or the Figure markets mobile app.
YLDS is issued through FCC on the Provenance Blockchain, a public, permissionless L1 blockchain built for financial services businesses. YLDS is also available through select partners and ecosystems. Learn more at ylds.com/developers-and-ecosystems/
Over $305B in
Stablecoins are sitting idle. Yours shouldn't be.
Your dollar should be earning. Start now, or talk to our team for large allocations.
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