Figure and the Sui Foundation have announced a partnership to issue YLDS, Figure's SEC-registered, yield-bearing stablecoin, natively on the Sui blockchain. This marks the first time an SEC-registered, interest-bearing stablecoin has been deployed on a major layer-1 protocol.

The collaboration is a significant step in bridging traditional financial products with decentralized finance (DeFi). By launching on Sui, YLDS aims to provide the ecosystem with compliant and scalable infrastructure, including USD on- and off-ramps.

The partnership also opens up the potential for Sui to be accepted as a collateral asset on Figure's platform, further integrating the two ecosystems. According to Evan Cheng, Co-Founder & CEO of original Sui contributor Mysten Labs, the move upgrades regulated DeFi by combining a compliant, dynamic asset with Sui's speed and security.

This development signals a growing industry trend of bringing institutional-grade, regulated financial products on-chain. It strategically positions Sui as a premier platform for real-world asset (RWA) adoption and regulated financial activity, enhancing its appeal for institutional participants.

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