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

Figment, OpenTrade, and Crypto.com have launched a stablecoin yield product for institutional investors, promising approximately 15% annual returns. This innovative offering leverages SOL staking and perpetual futures, allowing institutions to earn interest without direct exposure to cryptocurrency price fluctuations. The revenue structure separates yield from asset volatility, permitting stablecoin holders, such as USDC investors, to benefit from staking returns typically around 6.5% to 7.5%, while mitigating risks associated with price volatility via managed futures positions. Crypto.com provides custodial services with legally segregated accounts to ensure compliance and security, differentiating this approach from traditional decentralized finance lending, which often involves counterparty risks and less transparency. The yield product is accessible through Figment's platform and allows investments in stablecoins with instantaneous interest accrual upon deposit, catering to compliant, cautious investors. This move signifies a shift towards more predictable yield strategies within the crypto market.

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