Bitget has launched BGUSD, a yield-generating stablecoin backed by real-world financial assets. The new asset is designed to offer users stable value while earning daily passive income.
BGUSD is fully redeemable at a 1:1 ratio with USDC and can be subscribed to using either USDC or USDT. Using Bitget, people can include stablecoins in their trading and wealth management, reaping stable earnings.
The stablecoin offers a beginning interest rate of 4 percent per year, with early Bitget users enjoying a 5 percent yield during the first 30 days. Every day, users’ yields are calculated based on what is in their accounts and credited straight into their spot account.
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Bitget Taps Real-World Assets to Power Stablecoin Yield
Bitget revealed that the yield generated by BGUSD comes from a diversified pool of real-world tokenized assets. These include tokenized US Treasury products and top-tier money market funds. The platform works with institutional partners, including the tokenization service provider Superstate, to support the asset’s structure.
The company stated that BGUSD combines traditional finance with crypto innovation. Bitget aims to deliver a transparent, stable, and income-generating asset that appeals to both retail and institutional users.
Gracy Chen, CEO of Bitget, stated that the launch is part of the company’s agenda to integrate blockchain and conventional finance. She noted that stablecoin allows users to let their funds grow passively in a secure setting.
BGUSD can integrate with major stablecoins such as USDC and USDT, while redemptions and subscriptions happen solely in USDC to ensure price stability and simplify the user experience.
With over 100 million users from 150 countries, Bitget is growing by adding more services related to digital assets. In doing this, BGUSD is able to offer tokenized real-world assets and boost its passive income options.
Conclusion
Bitget’s introduction of BGUSD shows increasing demand for stablecoins linked to fixed assets. By offering a 5 percent yield promotion, the exchange aims to boost its involvement in helping users grow their crypto wealth.
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