SEC Receives Application From Financial Services Company To Issue New Interest-Bearing Stablecoin

A blockchain-focused financial services company wants to launch an interest-bearing stablecoin pegged to the penny. According to a registration statement filed with the U.S. Securities and Exchange Commission (SEC) in October, the San Francisco-based Figure wants to set up a subsidiary called Figure Certificate Company. The subsidiary hopes to issue “Figure Transferable Certificates,” which... source: https://dailyhodl.com/2024/01/24/sec-receives-application-from-financial-services-company-to-issue-new-interest-bearing-stablecoin/