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USDT withdrawal not coming through Fuck ill cancel and try btc in chunks This is gonna take a while

The U.S. Securities and Exchange Commission (SEC) endorsed the first yield-bearing stablecoin, marking a change in the stablecoin market. Stablecoins are crucial in digital finance, processing billions of dollars in daily transactions. Until now, they have provided stability but lacked direct returns for holders. The approval presents a regulated option that offers yield while maintaining price stability. The SEC granted approval to Figure Certificate Co. to offer a new type of stablecoin, YLDs. Unlike traditional stablecoins that generate revenue for issuers but provide no direct yield to users, YLDs will offer returns. The yield comes from reserves invested in assets such as U.S. Treasuries and commercial paper. The SEC classified YLDs as certificates , making them subject to securities ordinances. This categorization differs from major stablecoins such as USDT, which does not offer yield despite earning revenue from reserves. The approval establishes a regulatory framework for stablecoins that generate passive income. The approval places Figure Markets in direct competition with existing stablecoins used for payments, lending, and cross-border transfers. Tether remains the dominant player, while BlackRock’s BUIDL stablecoin serves institutional investors. Figure Markets expects YLDs to compete across various financial applications. A Tether co-founder recently announced plans to launch a similar product, reflecting increased interest in stablecoins that provide returns. The approval signals potential growth in this asset class, with more financial products expected to enter the market. Figure Markets submitted its confidential S-1 filing to the SEC in August 2023. The company worked under SEC regulations to gain approval. Industry experts estimate that additional yield-bearing stablecoin approvals may take six to 12 months. Stablecoins remain a focus for U.S. policymakers . A recent executive order from the Trump administration expressed support for stablecoin development. Congress continues working on legislation to establish a structured regulatory framework. With regulatory approval secured, yield-bearing stablecoins may change how investors engage with digital assets. The development provides new options for earning passive income while preserving the stability of stablecoins. DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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DeFi activities have picked up on several networks after increased stablecoin supply. TRON has become a major USDT hub with record volumes in the last four years. Stablecoins remain pivotal to gauging crypto market growth as the tokens are often referred to as gateway assets to institutional investors. Analysts Back Tron’s DeFi Volumes Tron’s USDT supply spiked to $62 billion from $6.7 billion in 2021, marking a staggering increase in stablecoin adoption. This heightened figure shows a major increase in stablecoin adoption attracting huge liquidity to crypto assets. Industry analysts also flag rising DeFi activities on TRON and other networks. This month, DeFi activities dipped as a result of the wider market downturn, which left traders cautious. Increasing sell pressure lowered sentiments with assets losing recorded in Q4 2024. Overall, most networks saw a decline in total value locked (TVL) alongside a plunge in trading volumes. Investors amass stablecoins because they serve as a bridge to DeFi tokens and are not volatile like other assets. “Comparing the growth of USDT supply on TRON’s TRC-20 protocol to Ethereum’s ERC-20 protocol highlights TRON’s recent dominance. In summary, TRON’s substantial increase in USDT supply and its growing role in the DeFi ecosystem reflect its rapid development and the increasing adoption of its blockchain platform. These trends suggest a promising future for TRON as a central player in the evolving landscape of decentralized finance,” CryptoQuant wrote. This also applies to the TON network, which recorded a decline in TVL amid present trading conditions. At the time of writing, the network’s TVL hit $171 million,n with daily volumes at $12.1 million. However, staking activities tapped new highs, suggesting more holders are shifting to earning yield on assets. Sinking Altcoins Can Limit DeFi Gains As investors look towards DeFi tokens and yield earnings, altcoin headwinds have posed limitations. After Bitcoin’s price dropped under $100K, altcoins followed the same path, plummeting below support. These can impact the anticipated growth in DeFi, considering low sentiments in Ethereum, Solana, and other assets. Ethereum’s price stands at $2,708, far below the expected level after speculations. Last year, traders tipped the asset to soar above $5K in the next altcoin season. A similar decline has also been recorded in XRP and Solana. XRP broke the $3 mark before slipping to $2.64, wiping out huge gains.

Digital asset marketplace Figure Markets has launched YLDS, the first yield-bearing stablecoin registered as a public security with the U.S. Securities and Exchange Commission. The stablecoin , issued through Figure Certificate Corporation, operates on the Provenance Blockchain and pays holders an annual return at the Secured Overnight Financing Rate minus 50 basis points. YLDS accrues interest daily and distributes payments monthly in either U.S. dollars or YLDS tokens. It is backed by securities similar to those held in prime money market funds. The token supports peer-to-peer transfers and can be exchanged for U.S. dollars or other stablecoins at any time, with fiat off-ramps available during U.S. banking hours. Stablecoins have grown into a $200 billion asset class, widely used for payments and cross-border transactions. Leading stablecoins such as USDT ( USDT ) and USDC ( USDC ) do not distribute yield from reserve assets, primarily U.S. Treasuries. This has led to the rise of tokenized money-market funds and investment products like BlackRock’s BUIDL , Franklin Templeton’s BENJI, and Ethena’s USDE ( USDE ). These assets are increasingly used as collateral or to earn returns on blockchain-based holdings. Figure Markets is the digital asset division of Figure Technologies, a company co-founded by former SoFi CEO Mike Cagney. The firm has processed over $41 billion in blockchain-based transactions and originated $11 billion in home equity lines of credit using the Provenance Blockchain. Figure Markets filed with the SEC in October 2023 to launch its yield-bearing stablecoin. The company expects YLDS to gain adoption among developers integrating blockchain-based assets into decentralized finance and payment applications. “We see tremendous applications for YLDS,” Cagney said. “Exchange collateral, cross-border remittances, and payment rails are immediate opportunities, but this is just the beginning of a larger shift of traditional finance to blockchain.”