According to CoinMarketCap, Ondo Finance purchased $25 million of Figure’s YLDS yield-bearing stablecoin to diversify the assets backing its tokenized U.S. Treasurys fund, which already includes products from BlackRock, Fidelity, and Franklin Templeton (source: CoinMarketCap). For traders, the move adds a new yield source and reduces single-provider concentration in the fund’s collateral mix, expanding exposure from solely TradFi issuers to a blend that now includes Figure’s YLDS (source: CoinMarketCap).