Latest news with #BGUSD
Hamilton Spectator
13-06-2025
- Business
- Hamilton Spectator
Bitget's May Report Highlights 21% increase in Futures Trading Volume Accelerating it to top #3 exchange
VICTORIA, Seychelles, June 13, 2025 (GLOBE NEWSWIRE) — Bitget , the leading cryptocurrency exchange and Web3 company, has released its May 2025 Transparency Report, highlighting growth in trading activity, product innovation, global expansion, and social impact despite a consolidating crypto market. In May, the total crypto market cap fluctuated from a high of $3.6 trillion to close at $3.28 trillion, with daily trading volume averaging $84.44 billion. Despite broader market consolidation, Bitget's trading volume surged by 21%, led by a 26% increase in futures trading. Spot trading reached $107 billion, ranking Bitget as the #3 crypto exchange globally by spot volume, just behind Binance and Bybit, and capturing an estimated 8.9% market share, according to Coingecko data. Bitget added over 500,000 new users in May alone, contributing to more than 2 million new users in Q2 2025. Bitget also recorded an industry-leading 192% Proof of Reserves ratio, and its Protection Fund hit an all-time high of $725 million, reflecting a long-term commitment to transparency, asset security, and user protection. May was a milestone month for Bitget Wallet, which rebranded under the ' Crypto for Everyone ' identity and rolled out major upgrades. Key launches included Paydify integration for seamless LATAM fiat onramps, a ' Shop with Crypto ' marketplace for spending at 300+ global brands, and Bitget Wallet Alpha , a mobile-native hub for token discovery and one-click trading across 130+ blockchains. Bitget forged key partnerships to drive adoption and education, teaming up with Sweat to expand crypto access in Southeast Asia, and collaborating with Cryptita to launch a blockchain encyclopedia for youth , promoting early crypto literacy. Product rollouts this month included the highly anticipated launch of Bitget Live , a real-time streaming feature designed to empower creators and expert traders to share their insights directly on the platform. The exchange also unveiled BGUSD , a USDC-pegged stablecoin backed by tokenized real-world assets including US Treasuries. Bitget Wallet became the official wallet for LINE's Mini Dapp Portal , allowing LINE's 196 million users to access Kaia chain games and tools via Bitget. Bitget continued to expand its listing of new digital assets, welcoming RLUSD , Ripple's USD-backed stablecoin, to its platform. Bitget also listed Shardeum , a scalable, EVM-compatible Layer 1 blockchain, allowing users to access high-performance DeFi protocols and smart contract applications. The addition of USD1 , a stablecoin issued by World Liberty Financial and affiliated with the Trump family, signaled Bitget's commitment to onboarding digital assets that aim to bridge fiat and crypto for broader user adoption. In May, Bitget advanced its social impact efforts through its Blockchain4Youth program, which marked two years with over 8,000 participants and global outreach across 70+ countries. It also supported Google's ' Build With AI ' Hackathon, delivered emergency aid to earthquake-affected families in Myanmar, and expanded its Starlink Program in the Philippines to bring satellite internet to underserved islands, supporting long-term digital and blockchain inclusion. From its strong on-chain integrations to fiat-crypto innovation, Bitget continues to set new benchmarks in exchange trust, product utility, and real-world Web3 applications. Bitget's sustained momentum positions it as a key driver in the next phase of crypto evolution. For the full transparency report, visit here . About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: media@ Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use . A photo accompanying this announcement is available at
Arabian Business
30-05-2025
- Business
- Arabian Business
Bitget launches BGUSD to bridge traditional finance and crypto
Bitget, a globally leading cryptocurrency exchange with major operations in the UAE, announced the launch of BGUSD, a yield-bearing stable asset certificate designed to enhance capital efficiency and provide passive income opportunities for users worldwide. The new digital asset product is fully integrated into the platform's trading and wealth management infrastructure, offering a multifaceted utility layer backed by real-world assets, the company said. 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 percent, credited daily to their spot accounts based on their minimum daily balance, the company said. For the first 30 days following launch, a promotional annual percentage yield (APY) of 5 percent will apply, it added. The new digital asset product 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, Bitget said. 'At Bitget, our mission has always been to prioritise our users' needs — whether they come from the crypto-native community, institutional circles, or traditional finance,' said Gracy Chen, CEO at Bitget. '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,' she said. Chen said this launch is another step in empowering the exchange's global users to achieve smarter, more resilient portfolio growth. The company said the structuring 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, it said.
Barnama
28-05-2025
- Business
- Barnama
Bitget Expands Into Real-world Assets With BGUSD, Offering Daily Yields And High Liquidity
VICTORIA, Seychelles, May 28 (Bernama) -- 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. 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).
Finextra
27-05-2025
- Business
- 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.
Business Upturn
27-05-2025
- Business
- Business Upturn
Bitget Expands into Real-World Assets with BGUSD, Offering Daily Yields and High Liquidity
VICTORIA, Seychelles, May 27, 2025 (GLOBE NEWSWIRE) — 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. 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. We've built BGUSD to unlock passive income and make yield generation as seamless as holding a stablecoin. This launch is a new step in how we connect traditional finance's strengths with the agility of Web3 — and it's just the beginning,' 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. For more information on BGUSD, visit here . About Bitget Established in 2018, Bitget is the world's leading cryptocurrency exchange and Web3 company. Serving over 100 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price , Ethereum price , and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, token swap, NFT Marketplace, DApp browser, and more. Bitget is at the forefront of driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World's Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency. For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet For media inquiries, please contact: [email protected] Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use . A photo accompanying this announcement is available at Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
