CMC News

Figment and OpenTrade Launch #StablecoinYield Product Targeting 15% Returns

Figment and OpenTrade introduced OpenTrade Stablecoin Staking Yield, a stablecoin yield product targeting 15% annual returns by utilizing #Solana staking rewards. Institutions deposit and withdraw stablecoins while yield is generated through $SOL staking rewards and an offsetting perpetual futures hedge run by OpenTrade.

Deposits and withdrawals are handled through Figment's platform, with the strategy executed in an OpenTrade-managed vault. Figment stated the strategy has historically delivered returns above Solana's typical 6.5% to 7.5% #staking rate.

Jeff Handler, OpenTrade's co-founder and chief commercial officer, said the product provides companies with access to a yield opportunity not available through traditional real-world assets or decentralized finance routes. Figment operates as an institutional staking provider with $18 billion in assets under stake. OpenTrade runs a platform for on-chain and RWA-backed lending and stablecoin yield products.

The U.S. GENIUS Act passed in July, providing stablecoin issuers a federally mandated regulatory framework. The law prohibits stablecoin issuers from offering interest or yield to tokenholders. Some institutions have shifted toward staking-based returns, with Solana drawing strong interest through newly launched staking exchange-traded funds.