Figment, OpenTrade debut Solana-based stablecoin product targeting 15% APR
PositiveCryptocurrency

- Figment and OpenTrade have introduced a Solana-based stablecoin product aimed at achieving a 15% APR, leveraging a hedged SOL staking model. This launch comes as institutional interest in Solana's network rewards grows, indicating a shift towards more regulated cryptocurrency offerings.
- The introduction of this stablecoin product is significant for Figment and OpenTrade, as it positions them to capture a share of the increasing institutional demand for yield-generating products in the cryptocurrency space, enhancing their market presence.
- This development reflects broader trends in the cryptocurrency market, where institutional players are seeking more secure and regulated avenues for investment, as evidenced by recent large transactions, such as Forward Industries transferring $260 million in SOL to Coinbase Prime, signaling strategic movements within the ecosystem.
— via World Pulse Now AI Editorial System





