YLDS

YLDS (YLDS) is a US dollar-pegged stablecoin issued by Figure Markets Holdings through its subsidiary Figure Certificate Corp. What sets it apart from most dollar tokens is that YLDS is structured as a registered security and is designed to accrue interest for holders while remaining fully transferable. In effect, it aims to combine the stability of a digital dollar with the yield profile of a prime money market fund.

What is YLDS?

YLDS is a transferable digital certificate that targets a 1:1 value with the US dollar. Rather than sitting idle like a conventional cash-reserve stablecoin, each token represents a claim backed by investments similar to those held by a prime money market fund, so holders can earn a return simply by holding. Figure Markets built the product to answer a specific gap: an on-chain dollar that carries regulatory clarity as a security and pays yield without forcing users to lock funds into a separate protocol.

How does YLDS work?

As a fiat-backed instrument, YLDS does not rely on its own mining or staking consensus. Its integrity comes from the reserve portfolio and the legal framework of a registered security rather than from a proof-of-work or proof-of-stake network. Value is meant to hold near a dollar because the issuer stands ready to back circulating tokens with the underlying money-market-style assets, and interest generated by those assets flows to holders.

YLDS tokenomics and supply

YLDS has no fixed maximum supply. Its circulating amount expands and contracts with demand as tokens are issued against new deposits and redeemed when holders cash out. At last count roughly 549,285,599 YLDS were in circulation, matching total supply.

• Circulating supply: about 549.3 million YLDS
• Backing: reserves comparable to a prime money market fund
• All-time high near $1.001, all-time low near $0.9992 - a tight peg band

What is YLDS used for?

The token targets users who want dollar exposure that earns while it waits. Categorized under Stablecoins, USD Stablecoin, Real World Assets and the Provenance ecosystem, YLDS suits treasury management, settlement and as passive-yield collateral. Because it is transferable, it can move between wallets and venues like other stablecoins while its security registration appeals to institutions needing compliance clarity.

Where to buy YLDS

Availability is more limited than for mainstream dollar tokens, so check our best crypto exchanges ranking to see which venues list YLDS and support Figure Markets' onboarding. Because it is a registered security, some platforms may apply eligibility checks. To self-custody, our best crypto wallets guide covers wallets compatible with the ecosystem.

Is YLDS a good investment?

A stablecoin is not designed for price appreciation; the appeal here is the embedded yield and regulatory structure rather than capital gains. Risks include reserve performance, redemption mechanics, issuer and regulatory factors, and the fact that yield rates can change. Even well-collateralized stablecoins can briefly deviate from their peg during stress. Treat YLDS as a cash-management tool and understand the security's terms before committing funds. Nothing here is financial advice.