🚀 Figure Markets Launches Global Cryptocurrency Exchange With New Features
#FigureMarkets #cryptocurrency #globalexchange #CaymanIslands #digitalassets #decentralized #stablecoins #financialopportunity #annualizedreturns
According to Odaily, Figure Markets, a decentralized digital asset custody market, has announced the launch of its global cryptocurrency exchange based in the Cayman Islands. The new platform offers a range of features and earning opportunities for users worldwide. One of the key products includes providing eligible global users with annualized returns of up to 8% on cash and stablecoin balances. Additionally, U.S. users can earn up to 3% annualized returns on USD balances held in FDIC-insured banks.#FigureMarkets #cryptocurrency #globalexchange #CaymanIslands #digitalassets #decentralized #stablecoins #financialopportunity #annualizedreturns
🚀 SEC Approves Interest-Bearing Stablecoin YLDS
#SEC #stablecoin #YLDS #digitalasset #FigureMarkets #finance #yield #USDC #USDT #securities
According to BlockBeats, the U.S. Securities and Exchange Commission (SEC) has approved an application for an interest-bearing stablecoin, as reported by Fortune magazine on February 20. The stablecoin, named YLDS, is developed by digital asset company Figure Markets and is pegged to the U.S. dollar, offering users a 0.5% yield similar to cash in a savings account.
While major stablecoins like USDC and USDT remain in a regulatory gray area, YLDS is officially registered as a security with the SEC. Figure's CEO, Mike Cagney, stated in an interview with Fortune that this classification places YLDS in the same financial category as stocks or bonds.
Documents on the SEC's website indicate that Figure's application was approved on Tuesday. A spokesperson for the agency did not immediately respond to requests for comment.#SEC #stablecoin #YLDS #digitalasset #FigureMarkets #finance #yield #USDC #USDT #securities
🚀 SEC Engages in Discussions on Cryptocurrency Regulation Strategies
#SEC #Cryptocurrency #Regulation #CryptoAssets #FigureMarkets #LegalStrategy
According to Odaily, the U.S. Securities and Exchange Commission (SEC) has revealed that its cryptocurrency task force met with representatives from Figure Markets Holdings, Inc., Figure Certificate Company, Allen & Overy Shearman & Sterling LLP, and Practus, LLP. The meeting focused on exploring strategies to address regulatory issues concerning crypto assets.#SEC #Cryptocurrency #Regulation #CryptoAssets #FigureMarkets #LegalStrategy
🚀 Figure Technology Solutions Submits IPO Application to SEC
#FigureTechnologySolutions #IPO #SEC #Blockchain #Lending #RealWorldAssets #Provenance #HomeEquity #Merger #FigureMarkets #Stablecoin #TokenizedMoneyMarketFund
According to PANews, blockchain lending company Figure Technology Solutions has confidentially filed for an initial public offering (IPO) with the U.S. Securities and Exchange Commission (SEC), aiming to go public later this year. Founded by former SoFi CEO Mike Cagney, Figure has played a significant role in the real-world asset (RWA) sector, issuing over $16 billion in home equity credit lines through the Provenance blockchain. Last month, the company announced a merger with Figure Markets, also founded by Cagney, which operates a blockchain-based market and has issued a yield-bearing stablecoin functioning as a tokenized money market fund (YDLS).#FigureTechnologySolutions #IPO #SEC #Blockchain #Lending #RealWorldAssets #Provenance #HomeEquity #Merger #FigureMarkets #Stablecoin #TokenizedMoneyMarketFund