Solana go integrate SEC-approved Yield-Bearing Stablecoin YLDS with 3.85% APR
Solana dey set to join bodi with YLDS, one stablecoin wey dey generate money wey SEC don approve, wey dey offer annual percentage yield of 3.85%. Dis one mark di first SEC-registered yield-bearing stablecoin wey dem dey introduce for Solana blockchain. Figure Markets develop am, YLDS dey allow for 24/7 trading without any asset lock-ups and Solana high transaction throughput dey make am easy. Di interest, wey dem dey pay every month, dem dey calculate am as Secured Overnight Financing Rate (SOFR) minus 0.50%. Dem fit trade YLDS against USD or other stablecoins, with fiat conversions wey dey available during US banking hours. Dis development no just dey show say regulation dey adapt to di stablecoin market but e still dey make Solana dey attractive to investors wey dey interested in secure and competitive yields.
Bullish
The approval of YLDS by SEC and how dem take join am with Solana blockchain fit lead to more investor to trust am and dem go dey use regulated yield-bearing stablecoins more. As dem dey get secure, competitive yields and the scalability wey Solana dey offer, e dey make am more attractive to invest for crypto market. Dis development fit encourage more innovations wey dey follow regulation, wey dey show say market go dey better and dey go up for traders.