Figure Technologies Inc., a blockchain and lending startup founded by former SoFi CEO Mike Cagney, is actively seeking approval from U.S. regulators to issue an interest-bearing stablecoin. If the U.S. Securities and Exchange Commission grants approval, Figure's stablecoin would be the first of its kind to be regulated as a security in the United States, potentially attracting major investors like Jump Crypto. The company's initiative is significant as it could open new investment avenues for both retail and institutional investors in the country.
Report: Figure Technologies’ Interest-Bearing #Stablecoin to Target U.S. Retail and Institutional Investors https://t.co/0TkqCjEUTI
Report: US Crypto Startup Seeks to Launch an Interest-Bearing #Stablecoin #blockchain https://t.co/0TkqCjEUTI
Crypto startup Figure Technologies is seeking approval from US regulators to issue an interest-bearing stablecoin https://t.co/WjIybLRVLY via @crypto
Figure Technologies Inc. is seeking approval from the U.S. SEC to issue an interest-bearing stablecoin. If successfully approved, Figure will offer the first stablecoin regulated as a security in the United States. Jump Crypto may become a major investor in Figure.…
Filing: Figure, a blockchain and lending startup founded by ex-SoFi CEO Mike Cagney, seeks approval from US regulators to issue an interest-bearing stablecoin (Bloomberg) https://t.co/dk2cF581Ah 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/PZ2fw9SplQ