PANews reported on February 28 that according to OKG Research analysis, the SEC recently approved Figure Markets to launch the first interest-bearing stablecoin YLDS, marking a continued improvement in the US crypto regulatory landscape, with regulators shifting from "passive defense" to "active guidance". The key to YLDS's approval is that it has avoided the core controversies in the current US stablecoin regulation, proactively complying with the existing securities laws, which are issues that traditional stablecoins like USDT and USDC have not yet resolved.
Data shows that since 2024, the market capitalization of interest-bearing stablecoins in the Ethereum ecosystem has increased from 0.4% to around 5.4%. OKG Research forecasts that with the SEC's approval, the interest-bearing stablecoin market may experience explosive growth in the next 3-5 years, with the market share expected to rise to over 10%, becoming another important asset class after BTC to attract large-scale institutional capital inflows.
Previous news, Figure has received approval from the US Securities and Exchange Commission to issue the first interest-bearing stablecoin.
