Stellar Gets Its First Regulated Yield-Bearing Dollar Product

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• Stellar now has its first regulated yield-bearing dollar product after Figure launched YLDS on the network.

• **Last year, the network processed over $55 billion in stablecoin payments as tokenized RWAs surged to $2 billion. **

Figure Technology Solutions has launched YLDS on the Stellar network, giving Stellar its first regulated yield-bearing dollar product. The rollout brings an SEC-registered stablecoin product to a network already used for stablecoin payments, tokenized assets, and cross-border financial services.

YLDS comes from Figure Certificate Company, an affiliate of Figure. The product aims to combine dollar stability, onchain transferability, and yield access in one regulated structure. Figure said the product serves fintechs, neobanks, and regulated entities that need compliant dollar holdings on blockchain rails.

Mike Cagney, executive chair of Figure, said:

“We built YLDS to do what banks do with your deposits: hold dollars, earn yield, and move money, but onchain and regulated. Fintechs and neobanks can now access that product on the Stellar network.”

Stellar gives Figure access to an established payments network with activity across stablecoins and real-world assets. Stellar processed $55.6 billion in stablecoin payment volume in 2025. The network also hosts more than $2 billion in onchain tokenized real-world assets, including products linked to WisdomTree, Ondo, and Franklin Templeton.

The launch also targets markets where users already rely on digital dollars. Figure said $340 million to $400 million in stablecoins sit in neobank savings accounts on Stellar. That figure shows existing demand for dollar savings tools on the network, mainly through wallets and financial apps.

The first regulated yield-bearing dollar product is now live on Stellar.@Figure’s YLDS combines stablecoin liquidity with money-market-style yield — now available to fintechs and neobanks serving LATAM, where dollar savings access matters most. pic.twitter.com/gqJ68QwHD5

— Stellar (@StellarOrg) May 5, 2026

YLDS Targets Dollar Savings Access on Stellar

YLDS enters Stellar as a dollar-equivalent onchain product for platforms that already support savings. The product does not simply add another payment token; it gives regulated entities a yield-bearing dollar option that can sit inside fintech apps and neobank systems.

Figure pointed to Argentina, Brazil, and other markets where local currency weakness has pushed demand for dollar-denominated savings. In these markets, many users seek dollar access through informal channels or limited financial products.

Raja Chakravorti, chief business officer of the Stellar Development Foundation, added:

“The availability of YLDS on the Stellar network expands access to dollar-denominated stablecoin products that combine yield, usability, and global reach.”

The product also arrives as tokenized finance keeps expanding across public blockchains. Stellar already supports several real-world asset issuers, while Figure brings experience from blockchain-based lending and asset markets. In recent news, Stellar Development Foundation invested $1 million in Ascend to support compliant credit infrastructure for real-world assets.

However, YLDS also carries product-specific risks. Figure said YLDS Stablecoins are unsecured face-amount certificates backed only by the assets of Figure Certificate Company. That structure separates the product from fully cash-backed stablecoins and makes the prospectus an important document for eligible users and platforms.

Stellar price action also drew attention after XLM breached a descending triangle pattern on the daily chart. XLM moved above the long-term descending resistance line after months of lower highs and pressure near the support zone.

Stellar (XLM) – USD Chart | Source: X

XLM traded near $0.16 after gaining more than 3% in the past 24 hours. The chart shows price moving toward the 200-day moving average, with $0.55 as the next major resistance zone.