Figure's Karl Samsen on YLDS, a Yield-Bearing Stablecoin Built on Stellar

CoinDesk's Jennifer Sanasie and 21Shares co-founder Ophelia Snyder sit down with Karl Samsen, principal of YLDS at Figure, at Stellar's Meridian conference. Samsen explains that YLDS is a face amount certificate issued as a debt security under an S-1 with the SEC using a structure that predates the agency, sitting outside the Genius Act and currently paying roughly a 3.57% yield. - Chapters/Timecodes: 00:00 Figure Markets' Karl Samsen at Meridian 00:27 Why Stellar 01:13 Geography and the Yield Strategy 02:09 What Yields Is: A Security That Acts Like a Stablecoin 03:29 Distribution and Utility 05:16 Who's Buying Yields 06:39 Maintaining Credit Quality 08:46 How Yields and Democratized Prime Connect - #digitalfinance #finance #bitcoin Subscribe to CoinDesk on YouTube: https://www.youtube.com/user/CoinDesk?sub_confirmation=1 CoinDesk is the leading digital media, events and information services company for the crypto asset and blockchain technology community. Twitter: https://www.twitter.com/coindesk LinkedIn: https://www.linkedin.com/company/coindesk Instagram: https://www.instagram.com/coindesk Facebook: https://www.facebook.com/CoinDesk Newsletters: https://www.coindesk.com/newsletters CoinDesk Podcast Network: https://open.spotify.com/show/2jyIhkvAQhed8AWDZiPpSP Public Keys: https://open.spotify.com/show/1rqYzRV10nfKfoTpFXZhTE Markets Daily Crypto Roundup: https://open.spotify.com/show/7sDXM8BlxsUqzL2IqmLqwE The Policy Protocol: https://open.spotify.com/show/3Fh8ffulAWcCqMu0uVuwoj