YLDS (YLDS) stablecoin analytics
Answer First
What is YLDS?
YLDS is Figure's SEC-registered face-amount certificate paying SOFR-minus-35bps daily interest, backed by short-term Treasuries and repos. The static profile records its US Dollar-denominated NAV accounting mechanism as: Fixed $1.00 face-amount certificate; daily interest accrual at SOFR minus 35bps (minimum 0%), paid monthly in USD or YLDS; 1:1 mint and redemption through Figure Certificate Company with mandatory KYC; registered under the Securities Act...
Is YLDS safe?
YLDS holds a B- Safety Score grade (65/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says YLDS uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from KPMG LLP; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
Static Profile
Static stablecoin profile
YLDS (YLDS) static profile: governance model Centralized (CeFi); backing model Real-World Asset Backed; peg US Dollar-denominated NAV.
AI summary / Updated Sep 7, 2026
YLDS is a yield-bearing stablecoin issued by Figure Certificate Company as a face-amount certificate registered under the Securities Act of 1933 and the Investment Company Act of 1940. It pays SOFR minus 35 basis points, accrued daily, and mints and redeems 1:1 through Figure with mandatory KYC. The audited FY2025 schedules show overnight Treasury repo at UMB Bank as roughly three quarters of the qualified assets and short-dated Treasury bills as most of the remainder, with KPMG's audit opinion covering the...
AI summary · drafted by claude-fable-5-1 · facts as of Sep 7, 2026
Sources: Figure Certificate Company FY2025 Form 10-K (KPMG audit opinion dated 2026-03-19), Stellar press release: Figure launches YLDS on the Stellar network, and YLDS official site (rate and network availability)
- Collateral
- Short-dated U.S. Treasury bills, overnight Treasury repo, a government money market fund, and cash held by Figure Certificate Company (FCC), an SEC-registered face-amount certificate company; qualified assets are on deposit with UMB Bank N.A. and Flagstar Bank N.A.
- Peg Mechanism
- Fixed $1.00 face-amount certificate; daily interest accrual at SOFR minus 35bps (minimum 0%), paid monthly in USD or YLDS; 1:1 mint and redemption through Figure Certificate Company with mandatory KYC; registered under the Securities Act of 1933 and Investment Company Act of 1940
- Jurisdiction
- United States / SEC / SEC-Registered Security
- Proof Of Reserves
- Independent Audit by KPMG LLP Reserve source
- Contracts
- 4 deployments tracked across Solana, Provenance, Ethereum, and Stellar.
Next Actions
Exact bot target: /subscribe dews,depeg,safety ylds-figure
Source: checked-in StablecoinMeta profile fields. Live price, supply, reserve, liquidity, event, and safety data load in the interactive dossier below; the summary above was last updated Sep 7, 2026.
YLDS quick answers
What is YLDS?
YLDS is Figure's SEC-registered face-amount certificate paying SOFR-minus-35bps daily interest, backed by short-term Treasuries and repos. The static profile records its US Dollar-denominated NAV accounting mechanism as: Fixed $1.00 face-amount certificate; daily interest accrual at SOFR minus 35bps (minimum 0%), paid monthly in USD or YLDS; 1:1 mint and redemption through Figure Certificate Company with mandatory KYC; registered under the Securities Act...
Is YLDS safe?
YLDS holds a B- Safety Score grade (65/100) in Pharos's latest published rating — a safe-tier grade, so Pharos assesses it as overall safe, though no stablecoin is entirely risk-free. Static metadata says YLDS uses a Centralized (CeFi) governance model and Real-World Asset Backed backing, with Independent Audit from KPMG LLP; the main caveat is that issuer or admin freeze controls are recorded. Treat the live peg, liquidity, reserve, dependency, and Safety Score sections below as the current risk read.
What backs YLDS?
Pharos classifies YLDS backing as Real-World Asset Backed. Collateral, per the static profile: Short-dated U.S. Treasury bills, overnight Treasury repo, a government money market fund, and cash held by Figure Certificate Company (FCC), an SEC-registered face-amount certificate company; qualified assets are on deposit with UMB Bank... Reserve evidence: Independent Audit from KPMG LLP.
Can YLDS be frozen or blacklisted?
Based on tracked contract metadata and blacklist coverage, issuer or admin freeze controls are recorded. Live freeze and blacklist events for YLDS, when applicable, appear in the dossier below.
