人物市場YLDS：SEC批准在美國首次獲得利息的Stablecoin

美國證券交易委員會（SEC）已向美國第一個登記為安全的承辦利息的穩定者致敬

The Securities and Exchange Commission (SEC) has approved the first interest-bearing stablecoin to be registered as a security in the United States, according to sources. The Figure Markets YLDS stablecoin, which is pegged to the U.S. dollar and offers a 3.85% yield, is now able to launch with SEC oversight.

消息人士稱，美國證券交易委員會（SEC）已批准了第一個在美國註冊為擔保的承納息股份。該人物市場YLDS Stablecoin與美元掛鉤並提供3.85％的收益率，現在可以通過SEC監督推出。

The stablecoin, which is expected to reshape the industry with its SEC oversight, will pay interest to holders on a daily basis. This differs from major stablecoins such as Tether (USDT) and USD Coin (USDC), which generate interest from their reserves but do not pass it on to holders.

預計將通過其SEC監督重塑該行業的Stablecoin將每天向持有人支付利息。這與諸如Tether（USDT）和USD Coin（USDC）之類的主要穩定劑有所不同，這些硬幣（USDC）從其儲備中產生了興趣，但不會將其傳遞給持有人。

Figure Markets CEO Mike Cagney said the innovation could challenge the role of traditional banks, which currently offer savings accounts with yields around 0.01%. He suggested that digital assets may be able to offer the same benefits, such as capital preservation and liquidity, with higher yields.

Figure Markets首席執行官Mike Cagney表示，這項創新可能會挑戰傳統銀行的作用，傳統銀行目前提供的儲蓄帳戶的收益率約為0.01％。他建議，數字資產可能能夠以更高的收益率提供相同的利益，例如資本保存和流動性。

Backed by assets similar to prime money market funds, YLDS has its yield pegged to the Secured Overnight Financing Rate (SOFR) minus 0.50%.

在與主要貨幣市場基金類似的資產的支持下，YLDS的收益率與確保過夜融資率（SOFR）降低0.50％。

Users who wish to earn interest will have to complete a Know Your Customer (KYC) process, although transfers to non-KYC users will still be permitted, albeit without the interest benefits.

希望賺取利息的用戶必須完成了解您的客戶（KYC）流程，儘管仍然允許向非KYC用戶轉移，儘管沒有利息利益。

The stablecoin, which is positioned as a compliant alternative to offshore stablecoins, will operate on the Provenance Blockchain. It will allow holders to redeem for U.S. dollars or other stablecoins, with fiat off-ramps available during U.S. banking hours.

該穩定的定位為離岸穩定的替代品，將在出處區塊鏈上運行。它將允許持有人兌換美元或其他穩定幣，並在美國銀行營業時間內提供菲亞特外坡道。

In a related move, the SEC has also created the Cyber and Emerging Technologies Unit (CETU), which will be tasked with addressing fraud related to AI, blockchain, and social media scams. The unit will work closely with the Crypto Task Force to identify and investigate fraud involving these emerging technologies.

與此相關的舉動，SEC還創建了網絡和新興技術部門（CETU），該部門將負責解決與AI，區塊鍊和社交媒體騙局有關的欺詐行為。該部門將與加密貨幣工作組緊密合作，以識別和調查涉及這些新興技術的欺詐行為。

The approval of YLDS comes amid increasing regulatory attention to stablecoins. In contrast to other regions such as the EU, Hong Kong, and Singapore, the U.S. is still playing catch-up in establishing clear guidelines for stablecoin issuers.

在越來越多的監管對穩定的關注的情況下，YLD的批准就會出現。與其他地區（例如歐盟，香港和新加坡）相反，美國仍在為Stablecoin發行人建立明確的準則而追趕。

However, legislative efforts such as the STABLE Act, which was introduced by Republican Representatives French Hill and Bryan Steil, are paving the way for regulatory clarity, although some areas still require further definition.

但是，由共和黨代表法國山和布萊恩·史蒂爾（Bryan Steil）提出的立法努力（例如穩定法案）為監管清晰度鋪平了道路，儘管某些領域仍需要進一步定義。

The stablecoin market currently has a total capitalization of over $230 billion, with Tether accounting for more than $140 billion and USDC at $56 billion. These figures highlight the potential for stablecoins to generate interest, but also present challenges in ensuring that holders directly benefit from it.

Stablecoin市場目前的總資本化超過2,300億美元，繫繩算出超過1400億美元，USDC為560億美元。這些數字強調了穩定幣產生興趣的潛力，同時也提出了挑戰，以確保持有人直接從中受益。

In response, YLDS is emerging as a regulated, yield-bearing option that could set a new standard, potentially influencing similar ventures such as the anticipated Pi Protocol from Tether co-founder Reeve Collins.

作為響應，YLD正在成為一種受監管的，屈服的選擇，它可能會設定新的標準，並可能影響類似的企業，例如Tether聯合創始人Reeve Collins的預期PI方案。

Cagney anticipates that YLDS will play critical roles beyond straightforward investments, such as facilitating exchange collateral, enabling cross-border transactions, and integrating into payment networks.

Cagney預計，YLDS將在直接投資之外扮演關鍵角色，例如促進交易抵押品，實現跨境交易並集成到付款網絡中。

While specific user sign-up figures are not being disclosed, Figure Markets anticipates strong demand, considering the lack of other regulated yield-bearing stablecoins and spotlighting YLDS as a compliant, transparent, and attractive option compared to unregulated alternatives.

儘管沒有披露特定的用戶註冊數字，但考慮到與不受監管的替代方案相比，數字市場預計需求強勁，因為缺乏其他受監管的屈服穩定穩定性，並將YLD視為合規，透明和有吸引力的選擇。

Initially, the stablecoin will be accessible to verified users, but there are plans to expand access in the future, which could lead to a broader user base for YLDS.

最初，已驗證的用戶可以訪問Stablecoin，但是將來有計劃擴展訪問權限，這可能會導致更廣泛的YLD用戶群。