YLDS is issued by Figure Certificate Company as a registered face-amount certificate security. Figure describes YLDS as a fixed-income security rather than a stablecoin, with a face-value design under which 100 certificates represent $1 at issuance, transfer, and redemption.
Key Data
| Backing | Capital and reserves held by Figure Certificate Company with a custodian to support certificate obligations; U.S. Treasury securities and Treasury repurchase agreements referenced for YLDS reserve backing |
| Auditor | KPMG LLP |
| Reserve Reporting | Annual audit |
| Redemption | The YLDS prospectus states that certificates may be surrendered at any time at face amount plus accrued and unpaid interest, less any applicable fees. The YLDS site states that all holders must complete KYC and that 100 certificates represent $1 at issuance, transfer, and redemption. |
| Min. Redemption | $0.01 |
| KYC Required | Yes |
| Peg Currency | USD |
| Yield-Bearing | Yes |
| Launched | 2025 |
Supported Networks
Cross-Chain Supply ($530M total)
Regulatory Status
Use Cases
Overview
YLDS is issued by Figure Certificate Company as a registered face-amount certificate security. Figure describes YLDS as a fixed-income security rather than a stablecoin, with a face-value design under which 100 certificates represent $1 at issuance, transfer, and redemption.
Key Features
- SEC-registered fixed-income security rather than a payment stablecoin
- Face-amount certificate structure with 100 certificates representing $1 at issuance, transfer, and redemption
- Interest-bearing product with daily interest crediting and monthly payment or reinvestment mechanics
- On-chain peer-to-peer transferability for KYC-approved holders
Reserve Backing
Capital and reserves held by Figure Certificate Company with a custodian to support certificate obligations; U.S. Treasury securities and Treasury repurchase agreements referenced for YLDS reserve backing.
Supported Networks
Available on Provenance, Solana, Stellar.
Recent Activity
- —Our coverageStablecoin Recap Mar 2–9, 2026: USDC added $2.047 billion during a $4.17 billion market cap increase.
- —Our coverageStablecoin Recap Mar 9–16, 2026: USDC added $0.346 billion.
Other USD Stablecoins
Profile compiled from issuer disclosures, regulatory filings, press releases, and financial media. Market and on-chain data sourced directly or via third-party providers. See methodology.