[Figment, (OpenTrade and Crypto.com) collaborate to launch a stablecoin product with a 15% yield for institutions] According to CoinDesk, staking infrastructure provider Figment is partnering with (OpenTrade and Crypto.com) to launch a new yield product aimed at institutional investors seeking stablecoin returns. This product offers approximately 15% annualized yield by staking SOL and using perpetual futures contracts to hedge against the token's price volatility. Investors can deposit stablecoins to earn interest without directly bearing the price risk of SOL. (Staked assets are held in legally segregated accounts by Crypto.com.) The product can be accessed via Figment's platform and application programming interface (API). Stablecoins can be deposited and withdrawn at any time, with interest accruing from the moment of deposit.