Figure Deploys SEC-Registered YLDS Token on Sui Blockchain
Figure Certificate Company Launches YLDS Token on Sui Blockchain
- Figure Certificate Company is deploying its SEC-registered security token YLDS on the SUI blockchain.
- YLDS offers regulated yield with SOFR minus 35 basis points, backed by short-term treasury securities.
- The token enables direct USD on- and off-ramps without traditional crypto exchanges.
- SEC registration differentiates YLDS from unregulated stablecoins, providing regulatory oversight.
- YLDS accrues interest daily, maintaining redeemability for dollars and allowing instant peer-to-peer transfers.
- Figure and Sui plan to integrate the SUI token as collateral in Figure’s lending platform.
Integration with DeepBook and Market Context
- YLDS will serve as the yield layer for DeepBook, Sui’s native liquidity platform, supporting upcoming margin trading.
- The collaboration with Mysten Labs connects regulated financial products to Sui’s blockchain protocol.
- YLDS is part of a trend of SEC-approved financial products, similar to Hashdex's crypto index ETF.
SUI/USDT Technical Analysis
- The SUI token shows bearish signals on short-term charts against USDT, with a downward trend observed.
- Resistance is noted between $2.7875 and $2.7902; support lies between $2.6781 and $2.6755.
- A break below the support level may indicate further bearish momentum for SUI in the near term.
