Figure: Securitized Stablecoin YLDS Circulation Supply Increases to $588 Million, Up 56% Month-on-Month

Odaily News Nasdaq-listed blockchain capital markets company Figure Technology Solutions released its latest business operations report, disclosing that the circulation supply of its securitized stablecoin YLDS has increased to $588 million, a 56% month-on-month growth. YLDS is designed to maintain a fixed US dollar price and provide ongoing yield through U.S. Treasury securities and Treasury repurchase agreements. Additionally, the transaction volume in the consumer loan market for February was $896 million, a 10% increase month-on-month. (Globenewswire)