YLDS is a fiat-backed US dollar stablecoin issued by Figure. It has about $500M in circulation, ranking #21 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
YLDS price
$0.9999
On peg Circulating supply
$500M
30-day change
-5.0%
Price
$0.9999
Blockchains
3
Tracked since
Jun 2025
What is YLDS?
YLDS is a fiat-backed US dollar stablecoin issued by Figure. It has about $500M in circulation, ranking #21 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
YLDS is registered with the SEC as a security, which lets it pay yield to holders directly.
In the issuer's words: YLDS is a fixed price, daily accrual public debt security native to blockchain. It is the first interest-bearing transferable stablecoin native to a public blockchain, registered with the Securities and Exchange Commission. YLDS can be transferred peer-to-peer and is backed by the same securities that prime money market funds hold.
YLDS supply history
$709M$0
Oct 8, 2025Oct 8, 2026
$709M$0
Jun 10, 2025Oct 8, 2026
YLDS supply fell 5.0% over the past 30 days, to $500M. Its peak was $688M in August 2026, and supply is 27% below that high.
Is YLDS holding its peg?
Last price
$0.9999
Target
1.0000 USD
Status
On pegYLDS is trading within 0.5% of its target, which is normal for a healthy stablecoin.
Where YLDS lives: supply by blockchain
Supply is concentrated: Provenance holds 95% of all YLDS. Moving it to another chain means bridging, or a mint and redeem through the issuer.
How YLDS is backed
YLDS is backed by short-term US Treasuries and cash equivalents.
Minting and redemption: YLDS is minted by eligible KYC/KYB-approved users through Figure Markets in exchange for USD or supported stablecoins. YLDS is issued by Figure Certificate Company at a fixed $1 face value and can be redeemed through Figure Markets for USD, with stablecoin conversion also available through Figure Exchange.
YLDS risks
Issuer and custody
Your claim is on the issuer and the banks or funds holding its reserves. A failure or freeze there can break the peg, as USDC briefly did in March 2023.
Freezes and blacklists
Fiat-backed issuers can usually freeze tokens at specific addresses, for example to comply with sanctions or court orders.
Bridged versions
Copies of a stablecoin moved by third-party bridges depend on those bridges. Prefer the issuer's native contract on each chain.
Regulation
Rules such as the US GENIUS Act and the EU's MiCA can restrict which stablecoins exchanges list in a given country.
YLDS vs USDT and USDC
Similar fiat-backed stablecoins
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YLDS in the news
BitGo to Custody vBTC.b Under MOU With VerifiedX, Targeting Institutional Bitcoin on Base
YLDS guides
- Stablecoin Yield: Live Rates and Where the Interest Comes FromLive APYs for the biggest stablecoin savings and lending products, where each rate comes from, and the risks behind yields above the Treasury-bill rate.
YLDS FAQ
What is YLDS?
YLDS is a fiat-backed US dollar stablecoin issued by Figure. It has about $500M in circulation, ranking #21 among the stablecoins CoinScoop tracks, and runs on 3 blockchains.
Is YLDS pegged 1:1 to the US dollar?
YLDS targets 1 USD. At the last update it traded at $0.9999, a deviation of -0.01%, which we classify as "on peg".
What backs YLDS?
YLDS is a fiat-backed stablecoin. Short-term US Treasuries and cash equivalents.
Which blockchains is YLDS on?
YLDS is live on 3 blockchains. The largest by supply are Provenance ($469M), Stellar ($25.2M), Tempo ($6).
How much YLDS is in circulation?
About $500M of YLDS was in circulation at the last update, -5.0% over 30 days. That makes it the #21 stablecoin by supply among those we track.
Does YLDS pay interest?
Yes. YLDS is registered with the SEC as a security, which lets it pay yield to holders directly.
Is YLDS safe?
No stablecoin is risk-free. As a fiat-backed design, YLDS's main risks are reliance on the issuer and its banks or custodians, how transparent the reserves are, the issuer's ability to freeze tokens, and regulatory action. It currently shows "on peg" on our peg monitor. This page is information, not investment advice.