Figure Technology Solutions (NASDAQ:FIGR) announced the launch of YLDS on the Stellar network on Tuesday. The new token, issued by Figure Certificate Company, is an SEC-registered stablecoin designed to deliver dollar-equivalent settlement, transferability and an interest return similar to that of money market funds.
Figure describes YLDS as a product that merges the liquidity features typically associated with traditional stablecoins and the yield profile of short-term cash equivalents. The company positioned the offering to meet demand from regulated counterparties that require holdings to meet compliance standards while also wanting onchain dollar exposure.
"We built YLDS to hold dollars, earn yield, and move money onchain while maintaining regulatory compliance," said Mike Cagney, executive chair of Figure. He added that the product is now reachable by fintechs and neobanks on the Stellar network, extending a dollar savings capability into markets where access to dollar-denominated savings is constrained.
The Stellar network provides a payment and tokenization infrastructure that Figure is leveraging for distribution. According to the network figures cited by Figure, Stellar processed $55.6 billion in stablecoin payment volume in 2025 and hosts more than $2 billion in onchain tokenized real-world assets from issuers including WisdomTree, Ondo and Franklin Templeton.
Figure highlighted existing onchain savings activity as a foundation for YLDS uptake, noting that between $340 million and $400 million in stablecoins are currently held in neobank savings accounts. YLDS is positioned to operate as a dollar-equivalent option for wallets and platforms that support dollar savings functionality.
Raja Chakravorti, Chief Business Officer of the Stellar Development Foundation, said the addition of YLDS increases the availability of dollar-denominated stablecoin products on Stellar that combine yield with usability and global reach. Figure has identified specific market demand in countries such as Argentina and Brazil, where currency devaluation has eroded local purchasing power and created demand for dollar-denominated savings mechanisms.
The company intends to offer YLDS through fintech applications and neobank platforms, providing a regulated, onchain, yield-bearing dollar alternative to users in targeted markets.
Sectors impacted: fintech, digital payments, banking and emerging-market personal savings platforms.