BGUSD<\/a> using USDC or USDT (USDT).<\/p>\nThe product offers an annualized yield starting from 4%. For the first 30 days after its launch, users will be granted a promotional Annual Percentage Yield or APY of 5%. The generated yield from BGUSD will be credited daily to Bitget (BGB) users\u2019 spot accounts based on their minimum daily balance.<\/p>\n
The asset is backed by a diverse line-up of tokenized RWAs, including major money market funds and tokenized US Treasury products. Not only that, the BGUSD yield structure is also supported by partnerships with a range of tokenization services, including Superstate, through the tokenized treasury fund USTB.<\/p>\n
Currently a tokenized treasuries product valued at $274 million, USTB provides investment exposure to short-duration U.S. Treasuries.<\/p>\n
<\/p>\n
Bitget CEO, Gracy Chen, views the launch of BGUSD as a way to bridge \u201cthe best of both worlds,\u201d by combining the transparency and innovation of crypto and the stability and yield of real-world assets. The crypto exchange aims to further explore offerings that would cater to the evolving needs of users.<\/p>\n
\u201cThis launch is another step in empowering our global users to achieve smarter, more resilient portfolio growth,\u201d said Chen in her statement.<\/p>\n
Fully integrated into the broader Bitget ecosystem, BGUSD can be used as lending collaterals, futures margin, Launchpool, and PoolX.<\/p>\n
In addition, users can choose to instantly redeem their BGUSD, which is backed by Bitget\u2019s reserve. Another option available to holders is the standard redemption model, equipped with a settlement duration of three business days. Meanwhile, subscription and redemption fees for BGUSD are fixed at 0.1%.<\/p>\n
Earlier in April, Bitget\u2019s transparency report revealed that its spot trading soared by nearly 160%, bringing the platform\u2019s total trading volume to $2.08 trillion in the first quarter of 2025. Moreover, the crypto exchange\u2019s proof of reserves surpassed 130% for backed assets.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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