Crypto Exchange Bitget Debuts Yield-Bearing BGUSD Backed by RWAs

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Ah, the cryptocurrency exchange Bitget has graced us with the arrival of BGUSD, a stable asset certificate that promises a delightful 4% annual yield, all while being backed by those oh-so-reliable tokenized real-world assets (RWAs) like money market funds and U.S. Treasuries. How positively thrilling! 🎉

New Bitget Stablecoin BGUSD Generates Yield from Tokenized Assets

Now, this product, announced on the ever-so-fateful May 27, 2025, is redeemable for USDC at a charming 1:1 ratio. You can purchase it using USDC or the ever-popular tether ( USDT). Daily yields, calculated based on users’ minimum daily balances, are credited directly to your spot accounts. And for the first 30 days, a promotional 5% annual percentage yield (APY) will apply. How generous! 💰

BGUSD’s returns are derived from a diversified portfolio of tokenized assets, including high-grade money market funds and U.S. Treasury products. Bitget has teamed up with institutional partners like Superstate, which manages the USTB tokenized treasury fund, and regulated financial institutions to ensure compliance and risk mitigation. Because who doesn’t love a bit of regulation? 😏

This asset integrates seamlessly with Bitget’s trading and wealth management systems, functioning as collateral for loans, futures margins, and staking services like Launchpool and PoolX. These features aim to reduce exposure to crypto volatility while providing stable returns, as the exchange so confidently stated on Tuesday. How reassuring! 📈

Users can redeem BGUSD instantly via Bitget’s reserve pool or through standard redemptions settled within three business days. All transactions incur a fixed 0.1% fee, designed to maintain liquidity and affordability. Because, darling, we must keep things affordable, mustn’t we? 💸

“With BGUSD, we are delivering a solution that bridges the best of both worlds: the transparency and innovation of crypto with the stability and yield opportunities traditionally found in real-world assets,” said Bitget CEO Gracy Chen. The launch reflects Bitget’s strategy to expand real-world asset (RWA) offerings, with plans to introduce more products bridging conventional finance and decentralized ecosystems. How positively avant-garde! 🌟

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2025-05-28 03:29