Figment, OpenTrade and Crypto.com Launch Stablecoin Yield Product for Institutions

Figment, OpenTrade, and Crypto.com have introduced a stablecoin yield product aimed at institutional investors seeking approximately 15% annual returns based on past performance. The product operates by staking Solana (SOL) and utilizing perpetual futures to manage price volatility, allowing investors to earn yields without direct exposure to SOL's price fluctuations. Assets are securely held in segregated custody by Crypto.com, addressing compliance and counterparty risks for institutions. This offering diverges from traditional DeFi lending by providing a structured investment framework, enabling participants to interact with established entities and benefit from predictable yield strategies. Investors can deposit and withdraw stablecoins at any time, with interest accruing from the moment of deposit. This initiative is particularly appealing to compliance-conscious investors looking for stable returns without the risks associated with market volatility.

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