Figment and OpenTrade launch new stablecoin yield product
Key Takeaways
- Figment and OpenTrade launched a stablecoin yield product offering 15% APR on stablecoins, with Crypto.com serving as custodian.
- Yield is generated by staking Solana (SOL) and using perpetual SOL futures, delivering returns more than double traditional SOL staking.
A new stablecoin yield product from Figment and OpenTrade seeks to deliver 15% APR by combining staking rewards with hedging strategies.
According to a Monday announcement, leading staking provider Figment has teamed up with OpenTrade, a lending and yield infrastructure solution backed by a16z Crypto and Circle, to roll out OpenTrade Stablecoin Staking Yield Powered by Figment, with Crypto.com serving as custodian.
The product, targeting an average 15% APR by combining Solana staking returns with hedged futures positions, offers institutional custody, flexible deposits and withdrawals, and enhanced protection for investor assets, as noted by the companies.
“We’re bringing our battle-tested infrastructure and security mindset to stablecoins to offer customers exceptional yield opportunities with the peace of mind of an institutional service,” said Andy Cronk, co-founder of Figment.
The product is powered by a dedicated Figment-run validator combined with OpenTrade’s institution-grade stablecoin yield infrastructure.
Crypto.com and OpenTrade have an agreement that enables SOL tokens to be custodied in a segregated account, over which investors are granted a security interest. Assets are segregated from the assets of the exchange and other entities.
Discussing the launch, Jeff Handler, OpenTrade’s co-founder, said that rising stablecoin adoption and demand for yield solutions across exchanges, wallets, and fintechs have driven the company to collaborate with Figment on a new stablecoin yield product.
“Through our partnership, any company with stablecoins can access a new category of yield options which offer a combination of market leading returns and strong protections, which together cannot be accessed across either solely RWA or DeFi investment strategies,” Handler noted.
“We have purpose built our platform in order to serve the needs of all traders today and tomorrow,” said Karl Turner, Director at Crypto.com. “We are proud to support Figment, a true leader in staking capabilities, in enabling a staking stablecoin offering that clients are increasingly looking for in the digital asset investment landscape.”
Customers can deposit stablecoins via Figment’s app into the OpenTrade vault to begin earning interest immediately and withdraw any stablecoin amount at any time.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Vitalik Unveils ‘Kohaku,’ Ethereum’s Most Significant Privacy Upgrade Yet

Aave Integrates With 12,000 Banks in New App Offering 5% Base Savings Rate

Hong Kong's drive to become a leading crypto center accelerates as AMINA secures institutional approval
- AMINA Bank AG, a Swiss crypto-focused bank, became the first international institution to secure a Hong Kong SFC license for institutional-grade crypto trading and custody services. - The license enables trading in 13 major cryptocurrencies and complies with SFC standards through SOC 1/2 Type 2-certified security frameworks, addressing prior market gaps in regulated offerings. - Hong Kong's crypto market saw 233% trading volume growth in H1 2025, with AMINA planning to expand into tokenized assets and st

Why is Internet Computer (ICP) experiencing significant growth in late 2025: Advancements in Blockchain Infrastructure and Increased Institutional Adoption Propel Expansion
- Internet Computer (ICP) surged 385% in late 2025, with $237B TVL driven by strategic blockchain-AI integration and institutional adoption. - Caffeine AI platform enables natural language dApp development, lowering barriers through reverse-gas token economics and cross-chain interoperability. - Partnerships with Microsoft Azure and Google Cloud address enterprise needs like data sovereignty, while Hong Kong regulatory support boosts institutional confidence. - ICP's 20–40% AI cost reduction and hybrid inf

