- Bitget has launched BGUSD, a stablecoin backed by real-world assets that offers users up to a 5% annual yield with daily payouts.
- This innovative stablecoin blends traditional finance with crypto, providing a secure way for users to earn passive income.
In a bold move blending traditional finance with blockchain innovation, Bitget has introduced BGUSD, a new stablecoin designed to offer users both stability and passive income. What sets BGUSD apart is its unique backing by real-world financial assets, enabling holders to earn a steady yield while maintaining the coin’s stable value.
BGUSD is fully redeemable at a 1:1 ratio with USDC, allowing users to subscribe using either USDC or USDT. This accessibility means traders and investors on Bitget’s platform can integrate the stablecoin into their portfolios and wealth management strategies with ease. The platform currently offers an enticing 5% annual yield promotion for early adopters during the first 30 days, before settling at a steady 4% per year. Notably, users receive daily yield credits directly into their spot accounts, ensuring a seamless and transparent income stream.
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The yield generation stems from a diversified portfolio of tokenized real-world assets, including US Treasury products and leading money market funds. Bitget collaborates with institutional partners such as Superstate, a tokenization service provider, to maintain transparency and asset-backed security. This approach bridges the gap between the predictable returns of traditional finance and the innovation of cryptocurrency.
Gracy Chen, CEO of Bitget, highlighted that BGUSD reflects the company’s commitment to integrating blockchain with conventional finance. “Our stablecoin allows users to grow their funds passively within a secure and transparent environment,” Chen stated. By using USDC exclusively for redemptions and subscriptions, Bitget ensures price stability and simplifies user experience.
With a global user base exceeding 100 million across 150 countries, Bitget continues to expand its ecosystem by introducing innovative financial products. BGUSD not only reinforces the exchange’s role in the crypto market but also caters to the growing demand for stablecoins backed by tangible assets.
In conclusion, Bitget’s BGUSD stablecoin represents a significant step in crypto wealth management, offering users an opportunity to earn attractive yields while enjoying the safety of real-world asset backing. This launch signals a promising future for stablecoins that combine traditional financial principles with blockchain technology.