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

Figment, OpenTrade, and Crypto.com have launched a stablecoin yield product specifically designed for institutional investors. The product aims to generate around 15% annual returns by staking Solana (SOL) and utilizing perpetual futures to mitigate price volatility, allowing investors to earn interest without being directly exposed to SOL's price fluctuations. The operations are conducted through legally segregated custody accounts managed by Crypto.com, which comply with industry regulations reducing counterparty risks. Investors can deposit stablecoins and withdraw them at any time, with interest accruing immediately upon deposit. This approach allows for earning yields in a controlled environment, contrasting traditional decentralized finance (DeFi) models that may present risks and transparency issues. Overall, this initiative reflects a movement towards more regulated and predictable yield-generating strategies within the cryptocurrency market.

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