Figure Technology Solutions (NASDAQ:FIGR) — a fintech company building blockchain-native financial products including lending, trading, and digital asset infrastructure — today announced the launch of YLDS on the Stellar network. This marks the first time a dollar product with a regulated yield is available on-chain.
YLDS is Figure’s SEC-registered stablecoin issued by Figure Certificate Company, which combines stablecoin liquidity with money market-style yield. The product is designed for regulated entities such as fintechs and neobanks that require compliant on-chain dollar holdings. Notably, Figure HELOC (a token representing home equity loans originated on-chain) currently ranks 9th among all cryptocurrencies by market capitalization, which, while not without controversy, illustrates the scale Figure has achieved in tokenizing real-world financial assets.
“We built YLDS to do what banks do with their deposits: hold dollars, earn yield, and move money, but regulated on-chain,” said Mike Cagney, Figure’s executive chairman. “Fintechs and neobanks can now access their products on the Stellar network.”
Stellar will process $55.6 billion in stablecoin payment volume in 2025 and hosts over $2 billion of on-chain tokenized real-world assets from issuers such as WisdomTree, Ondo, and Franklin Templeton. According to rwa.xyz data, Stellar ranks as the fourth largest chain by decentralized RWA value, with $1.6 billion tokenized on the network. The launch builds on Stellar’s growing DeFi infrastructure, further strengthened by Redstone’s introduction of institutional oracle price feeds to the network in March, unlocking more sophisticated financial products on-chain.
Raja Chakravorty of the Stellar Development Foundation called the launch an expansion of “a dollar-denominated stablecoin product that combines yield, ease of use, and global reach.”
As reported by The Defiant, the Provenance blockchain developed by Figure earlier this year saw its TVL reach an all-time high of $1.2 billion, driven entirely by Figure Markets activity.
This article was written with the help of AI Workflow. All of our stories are hand-picked, edited and fact-checked by humans.
