Coinspeaker
Figure Technologies Pursuing Approval for Interest-Bearing Stablecoins
Stablecoins occupy a very unique place in the crypto industry. On the one hand, they offer a lot of the benefits of crypto like decentralized access for users and faster transaction speeds. On the other hand, they are pegged to ‘traditional’ assets, which makes them less volatile than other tokens. Stablecoins have been quite popular over the years but are about to possibly be given a new spin, thanks to Figure Technologies. The lending company has filed with the SEC to launch an interest-bearing stablecoin.
Details About the Filing
The idea of a crypto-earning interest is not a new phenomenon. Tokens based on the proof-of-stake consensus can be staked for interest and this is done all the time. What makes this filing unique is that if it gets approved, it will be the first stablecoin to be regulated as a security in the United States.
A look at the filing shows that Figure Technologies plans to rele
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