Does Figure Have a Workaround for Stablecoin Returns with $YLDS?

Banks are at it again. Instead of competing on equal terms with digital asset firms, they want to put their hands on the regulatory scale to ensure they maintain a moat that helps them and not consumers.

Vomiting FUD Regarding the flight of deposits, the ability to create credit, and the emerging stablecoin ecosystem, babbling currently the so-called “to agree” regarding CLARITY Act It will not allow stablecoin holders to simply earn yield “rewards.”

The legacy banking industry has done an excellent job of using sticks and carrots to influence elected officials. On the one hand, they have enormous financial power and endowments that will encourage policymakers to support their viewpoints. At the same time, fear, uncertainty and doubt have been used to fuel concerns about bank lending should consumers and businesses move money from deposits to stablecoins. Of course, they have no evidence of this unknown outcome, and banks can of course compete with digital asset companies, but they would rather create a regulatory blockade to make a profit.

There may be a digital asset company well positioned to deliver returns on X today. Figure (Nasdaq: FIGR)Founded by permanent entrepreneur Mike Cagneyalready set a path It provides returns to its owners – $YLDS.

$YLDS is a registered public debt security. solana. $YLDS is described as a security version of a stablecoin that aims to maintain a stable dollar price and offer “perpetual returns” said to be backed by the US Treasury and Treasury repurchase agreements.

Cagney on X Today requested $YLDS will continue to pay interest. He also shared that they need the same transfer freedom as USDC and are currently lobbying for it. meeting He will meet with the Securities and Exchange Commission next week and lobby on language to ensure the CLARITY Act is included in the bill.

Of course, over time, other digital asset companies will try to replicate or offer similar services. Technology will provide a way.