Bitget launches yield-bearing stablecoin asset
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of BGUSD, a yield-bearing stable asset certificate designed to enhance capital efficiency and provide passive income opportunities for users worldwide.
0
BGUSD is fully integrated into the platform's trading and wealth management infrastructure, offering a multifaceted utility layer backed by real-world assets.
BGUSD is redeemable for USDC at a 1:1 ratio and can be subscribed using USDC or USDT. Holding BGUSD provides users with an annualized yield starting at 4%, credited daily to their spot accounts based on their minimum daily balance. For the first 30 days following launch, a promotional APY of 5% will apply.
The asset derives its yield from a diversified basket of tier 1 tokenized real-world assets, including high-grade money market funds and tokenized US Treasury products. This disciplined yield structure is supported by a diversified asset allocation, institutional-grade infrastructure, and partnerships with multiple leading tokenization service providers, including Superstate (via their tokenized treasury fund USTB).
"At Bitget, our mission has always been to prioritize our users' needs — whether they come from the crypto-native community, institutional circles, or traditional finance. 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. This launch is another step in empowering our global users to achieve smarter, more resilient portfolio growth," said Gracy Chen, CEO at Bitget.
This structure positions BGUSD as a secure, yield-generating alternative within the platform, minimizing exposure to crypto market volatility while maintaining full liquidity through redemption options. Users can opt for instant redemptions, fulfilled from Bitget's reserve pool, or standard redemptions with settlement within three business days. Subscription and redemption fees are fixed at 0.1%.
More than a tool for preservation, BGUSD is built for active deployment and fully supports Bitget's broader ecosystem. It can be used as lending collaterals, futures margin, Launchpool, and PoolX. The asset's full-scenario usability contributes to enhanced capital retention and supports platform-level strategies aimed at generating stable, risk-adjusted returns. Through self-managed allocation and collaborations with reputable financial institutions, the product ensures diversification and mitigates concentration risk. By bridging traditional finance instruments with on-chain accessibility, BGUSD delivers a resilient solution in contrast to existing offerings, combining stable returns with full transparency.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Finextra
6 days ago
- Finextra
Bitget lists Ripple USD
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the listing of Ripple USD (RLUSD) on its spot trading platform. 0 RLUSD, an enterprise-grade USD-backed stablecoin issued by Ripple, enters the Bitget ecosystem at a time when demand for secure and compliant digital assets continues to rise, particularly among institutional participants and developers focused on enterprise-grade blockchain use cases. As a stablecoin pegged 1:1 to the U.S. dollar, RLUSD is natively issued on both the XRP Ledger (XRPL) and Ethereum, leveraging the unique strengths of each blockchain. The asset is backed by a segregated reserve held in USD fiat and cash equivalents. Bitget's decision to list RLUSD aligns with its strategy to support strong, high utility-driven assets across its growing spot market, which serves as a curated space for projects that advance blockchain adoption through real-world applications. 'We're excited to partner with Ripple, a team that has consistently pushed forward the adoption of crypto,' said Gracy Chen, CEO of Bitget. 'RLUSD stands out as one of the few stablecoins issued by a NYDFS-chartered limited purpose trust company, placing it in a uniquely clear regulatory framework. This is particularly important for institutions seeking transparency and compliance in today's evolving digital asset landscape. Listing RLUSD also aligns with our 2025 strategy to expand institutional offerings and build a more robust, trusted ecosystem.' The RLUSD listing on Bitget expanded access and offered a trusted trading venue for one of the industry's most closely monitored digital assets. Bitget continues to scale its listings to support the increasing demand of the crypto market. The integration of RLUSD responds to the ongoing wave of stablecoins gaining popularity as critical tools in decentralized finance (DeFi), gaming, and tokenized asset ecosystems. With an extensive selection of over 900 crypto pairs and a commitment to broadening its offerings, Bitget connects users to various ecosystems, including Bitcoin, Ethereum, Solana, Base, and TON. The addition of RLUSD signals a strategic move to embrace regulated stablecoins's becoming a gateway to trade innovative crypto projects.
Finextra
6 days ago
- Finextra
The FCA bundles stablecoins into new crypto regime
The FCA has published proposals for ensuring financial resilience in the face of upcoming regulations governing cryptoasset firms, with an added focus on stablecoins. 1 The watchdog says that stablecoins have the potential to drive efficiency in payments and settlement using blockchain technology, with particular benefits for cross-border transactions. It says its proposed rules aim to ensure regulated stablecoins maintain their value. They also mean that customers should be provided with clear information on how the backing assets are being managed. David Geale, executive director for payments and digital finance at the FCA, says: 'At the FCA, we have long supported innovation that benefits consumers and markets. At present, crypto is largely unregulated in the UK. We want to strike a balance in support of a sector that enables innovation and is underpinned by market integrity and trust.' The UK government in April published draft legislation that will bring crypto firms into the regulatory perimeter. Geale says the FCA will work closely with the Bank of England on the upcoming regime to ensure a clear pathway in regulation for stablecoins. Sarah Breeden, deputy governor for financial stability at the Bank of England, says: 'We welcome the proposals the FCA have published as part of building the UK's stablecoin regime. For those stablecoins that expect to operate at systemic scale, the Bank of England will publish a complementary consultation paper later this year, including responding to industry feedback around allowing some return on backing assets. We continue to work closely with the FCA to ensure the integrity of the UK's stablecoin regime, including how firms transition within the regime.' The FCA's proposals would require firms providing crypto custody services, who have responsibility for keeping consumers' crypto safe, to ensure they are effectively secured and can be easily accessed at any time. The proposals also seek to reduce the likelihood and impact of firm failures across regulated firms undertaking the activities of stablecoin issuance and cryptoasset custody. The blurring of the lines between stablecoins and traditional financial markets has been emphasised in a new paper from the Bank for International Settlements. The study found inflows into stablecoins reduce three-month US Treasury yields by 2-2.5 basis points within 10 days, while outflows can have a larger impact, raising yields by 6-8 basis points. The effects are concentrated in short-term Treasury securities, with limited to no spillovers to longer-term maturities. Given its relative size, Tether (USDT) contributes the most to estimated effects, followed by Circle (USDC). "These results suggest that stablecoins have already established themselves as significant players in Treasury markets. Their growth blurs the lines between cryptocurrency and traditional finance and carries implications for monetary policy, transparency of stablecoin reserves and financial stability - particularly during periods of market stress," say the report's authors.
Finextra
27-05-2025
- Finextra
Bitget launches yield-bearing stablecoin asset
Bitget, the leading cryptocurrency exchange and Web3 company, has announced the launch of BGUSD, a yield-bearing stable asset certificate designed to enhance capital efficiency and provide passive income opportunities for users worldwide. 0 BGUSD is fully integrated into the platform's trading and wealth management infrastructure, offering a multifaceted utility layer backed by real-world assets. BGUSD is redeemable for USDC at a 1:1 ratio and can be subscribed using USDC or USDT. Holding BGUSD provides users with an annualized yield starting at 4%, credited daily to their spot accounts based on their minimum daily balance. For the first 30 days following launch, a promotional APY of 5% will apply. The asset derives its yield from a diversified basket of tier 1 tokenized real-world assets, including high-grade money market funds and tokenized US Treasury products. This disciplined yield structure is supported by a diversified asset allocation, institutional-grade infrastructure, and partnerships with multiple leading tokenization service providers, including Superstate (via their tokenized treasury fund USTB). "At Bitget, our mission has always been to prioritize our users' needs — whether they come from the crypto-native community, institutional circles, or traditional finance. 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. This launch is another step in empowering our global users to achieve smarter, more resilient portfolio growth," said Gracy Chen, CEO at Bitget. This structure positions BGUSD as a secure, yield-generating alternative within the platform, minimizing exposure to crypto market volatility while maintaining full liquidity through redemption options. Users can opt for instant redemptions, fulfilled from Bitget's reserve pool, or standard redemptions with settlement within three business days. Subscription and redemption fees are fixed at 0.1%. More than a tool for preservation, BGUSD is built for active deployment and fully supports Bitget's broader ecosystem. It can be used as lending collaterals, futures margin, Launchpool, and PoolX. The asset's full-scenario usability contributes to enhanced capital retention and supports platform-level strategies aimed at generating stable, risk-adjusted returns. Through self-managed allocation and collaborations with reputable financial institutions, the product ensures diversification and mitigates concentration risk. By bridging traditional finance instruments with on-chain accessibility, BGUSD delivers a resilient solution in contrast to existing offerings, combining stable returns with full transparency.
