Figure posts $87.4M net income as tokenized loan volume jumps 132%
Net revenue reached $225.6 million in the second quarter, more than double a year earlier, on $4.26 billion of consumer loan marketplace volume. Figure Connect accounted for 65% of that.
YLDS,
@Figure's SEC-registered yield-bearing stablecoin, grew to $556 million in circulation from $328 million at the end of December. Net take rate slipped to 3.6% from 4.0%.