According to Business Insider, Figure Technology Solutions (NASDAQ: FIGR) announced that its subsidiary, Figure Certificate Company (FCC), plans to issue a registered public debt security version of a "stablecoin" called YLDS natively on Solana. The stablecoin aims to maintain its dollar value and continuously distribute earnings backed by U.S. Treasury bonds and repurchase agreements. Exponent Finance, a DeFi yield exchange platform on Solana, plans to be one of the first integration partners. https://t.co/GMiYGXV3MD
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