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, which indicates that the US crypto regulation continues to improve and regulators are shifting from "passive defense" to "active guidance". The key to YLDS's approval is that it avoids the core controversy of the current US stablecoin regulation and actively complies with current securities regulations, which is a problem that traditional stablecoins such as USDT and USDC have not yet solved.

Data shows that since 2024, the market value of interest-bearing stablecoins in the Ethereum ecosystem has increased from 0.4% to about 5.4%. OKG Research predicts that with the approval of the SEC, the interest-bearing stablecoin market may usher in explosive growth in the next 3-5 years, and the market share is expected to increase to more than 10%, and become another important asset class that attracts large-scale institutional capital investment after BTC.

Earlier news, Figure obtained approval from the U.S. Securities and Exchange Commission to issue the first interest-bearing stablecoin.