Summary
- Blockchain-based lending platform Figure Technology said it sharply increased loan origination volume in the first quarter.
- Figure said first-quarter consumer loan marketplace transaction volume rose 113% year on year to $2.902 billion.
- The market capitalization of Figure-issued stablecoin YLDS rose 83% quarter on quarter to $598 million.
Forecast Trend Report by Period
Blockchain-based lending platform Figure Technology significantly ramped up its loan origination volume in the first quarter.
According to GlobeNewswire on the 3rd (Korea time), Figure said in a filing submitted to the Securities and Exchange Commission (SEC) that first-quarter consumer loan marketplace transaction volume rose 113% year on year to $2.902 billion.
In particular, loan transaction volume for March alone increased 102% from a year earlier to $1.19 billion.
Metrics tied to tokenized assets also showed strong momentum. The market capitalization of Figure’s stablecoin, “YLDS,” climbed 83% quarter on quarter to $598 million.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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