Figure Technology Solutions (NASDAQ: FIGR) launched YLDS on the Stellar network, introducing what the company describes as the first regulated yield-bearing dollar product available on the platform.

YLDS is an SEC-registered stablecoin product issued by Figure Certificate Company, an affiliate of Figure. The product combines stablecoin liquidity with yield generation similar to money market funds, according to the company's announcement.

"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."

The Stellar network processed $55.6 billion in stablecoin payment volume in 2025 and hosts more than $2 billion in onchain tokenized real-world assets from companies including WisdomTree, Ondo, and Franklin Templeton. The network currently holds $340 million to $400 million in stablecoins within neobank savings accounts.

"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.

Figure positions the product for markets experiencing currency devaluation, particularly in Latin America including Argentina and Brazil, where the company states dollar-denominated savings serve as financial necessities rather than preferences. The product targets fintech applications and neobanks serving users in these regions.

The information is based on Figure Technology's press release statement.