Figment, OpenTrade and Crypto.com Offer 15% Stablecoin Yield Product for Institutions

Figment, OpenTrade, and Crypto.com have introduced a stablecoin yield product for institutional investors, promising approximately 15% annual returns. This innovative financial offering leverages Solana (SOL) staking combined with perpetual futures to eliminate price volatility risk for participants. Institutions can deposit stablecoins and earn interest without direct exposure to the fluctuating value of SOL. The arrangement places emphasis on compliance and risk mitigation by custodial practices through Crypto.com, where all assets are held in segregated accounts. The product distinguishes itself from traditional decentralized finance (DeFi) lending by reducing counterparty risk and enhancing transparency, thus appealing to compliance-focused investors. Unlike typical yield-generating methods that are closely tied to the token's market price, this product ensures yield is maintained without the volatility usually associated with cryptocurrency markets, making it an attractive option for institutional players looking for stable returns.

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