Figure Markets has launched a SEC-registered yield stablecoin to meet the surging demand for tokenized assets.

Figure Markets has introduced a new SEC-registered yield-bearing stablecoin, responding to the increasing demand for tokenized assets. This move is part of a broader trend where financial institutions are exploring blockchain technology to offer innovative financial products. The stablecoin aims to provide investors with a secure and regulated option for earning yields, reflecting the growing interest in digital assets. The initiative is led by Mike Cagney, highlighting the company's commitment to expanding its offerings in the digital finance space.