Figment and OpenTrade Unveil Stablecoin Yield Product Offering ~15% APR

Figment and OpenTrade Unveil Stablecoin Yield Product Offering ~15% APR

Figment, OpenTrade, and Crypto.com aim to boost institutional stablecoin adoption through a compliant yield product leveraging SOL staking and volatility-hedged futures strategies.

SOL
USDC

Fact Check
The evidence strongly supports the truthfulness of the statement. Multiple high-authority sources, including a primary press release on Business Wire and a news report on the reputable financial outlet Yahoo Finance, directly corroborate all key elements of the claim. These sources confirm the partnership between Figment and OpenTrade, the launch of a stablecoin yield product, and the specific detail that it offers an "average 15% APR" or an "estimated 15% APR." The use of terms like "average" and "estimated" in the sources aligns perfectly with the statement's phrasing of "approximately 15%." The information is consistent across all credible sources, with no contradictions present. The lower-authority sources from social media, while not reliable on their own, further reinforce the claims made by the primary and secondary sources. The collective weight and consistency of the evidence from highly credible outlets make it highly probable that the statement is true.
Summary

Figment, OpenTrade, and Crypto.com have jointly launched a stablecoin yield product targeting roughly 15% annual returns, aiming to boost institutional adoption of crypto yield strategies. The product stakes Solana (SOL) for baseline yields of 6.5%–7.5% and employs perpetual futures to neutralize SOL price swings. Institutional clients deposit stablecoins like USDC, earning interest without direct crypto exposure. Crypto.com provides segregated, legally protected custody accounts to enhance investor confidence. The offering, accessible via Figment’s platform and APIs, supports on-demand deposits and withdrawals, reflecting a movement toward stable, transparent yield products in the institutional crypto market.

Terms & Concepts
  • Stablecoin: A type of cryptocurrency designed to maintain a stable value by pegging to a reserve asset such as the US dollar.
  • Staking: The process of locking cryptocurrency to support blockchain network operations and earn rewards.
  • Perpetual Futures: A type of futures contract without expiry, allowing continuous trading and hedging of asset price movements.