News

Jinse Finance reported that Figure Technology Solutions (FIGR) announced the launch of its SEC-registered yield-bearing security token YLDS on the Sui blockchain, marking the first time this token is available on a Layer 1 network outside of the Provenance blockchain. YLDS is backed by short-term US Treasury bonds and repurchase agreements. Figure co-founder Mike Cagney stated that this is the first step in deploying SEC-compliant yield-bearing security tokens across multiple blockchains, aiming to remove traditional intermediaries and provide more users with equal access to institutional-grade financial products.

Jinse Finance reported that analysts have pointed out that Circle's stablecoin USDC is transitioning from crypto trading to mainstream payments and corporate financial flows, and is expected to potentially "replace fiat currency" in the global cross-border payments market, which is worth approximately $20 trillion. Analysts from William Blair and Bernstein believe that regulating stablecoins will be central to the next growth cycle, and new products such as Circle's Arc blockchain and Circle Payments Network will drive long-term revenue growth. It is expected that the supply of USDC will nearly triple to $220 billion by 2027, accounting for about one-third of the global stablecoin market. At the same time, stablecoins can reduce international transaction costs by up to 90%, becoming an important part of digital cash infrastructure.