Figure Technology Solutions (“Figure”) has launched YLDS on the Stellar network, marking the first time a regulated yield-bearing dollar product is available on the Stellar network.
YLDS is Figure’s SEC-registered, regulated stablecoin product issued by the Figure Certificiate Company, an affiliate of Figure.
YLDS combines the liquidity of traditional stablecoins with earning power similar to a money market fund. Through its partnership with Stellar, Figure’s YLDS serves regulated entities that require compliant holdings.
“We built YLDS to do what banks do with your deposits: hold dollars, earn yield, move money, but onchain and regulated,” said Mike Cagney, executive chair of Figure. “Fintechs and neobanks can now access that product on the Stellar network, bringing it directly to the markets where dollar savings are genuinely hard to come by. That’s exactly where it belongs.”
The Stellar network processed $55.6B in stablecoin payment volume in 2025, and hosts more than $2B in onchain tokenized real-world assets, including products from WisdomTree, Ondo, and Franklin Templeton.
$340 to $400M in stablecoins are held in neobank savings accounts, demonstrating that savings behavior already exists onchain at scale on the Stellar network.
YLDS is designed to sit inside that infrastructure as a dollar-equivalent onchain product for wallets and platforms already supporting dollar savings behaviors.
“The availability of YLDS on the Stellar network expands access to dollar-denominated stablecoin products that combine yield, usability, and global reach,” said Raja Chakravorti, chief business officer of the Stellar Development Foundation. “This launch builds on the Stellar network’s decade of powering real-world assets and payments, enabling fintechs and neobanks to deliver compliant and open financial tools to users who need them most.”
The LATAM opportunity is central to why this matters. Across Argentina, Brazil, and other markets where currency devaluation has eroded purchasing power, dollar-denominated savings mechanisms aren’t a preference but a financial necessity.
Most people access them informally, or not at all. YLDS offers a regulated, onchain, yield-bearing dollar alternative through the fintech apps and neobanks that users already rely on.
