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bonk
Bonk (BONK)
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bitcoin
Bitcoin (BITCOIN)
$107,313 -1.53%
ethereum
Ethereum (ETHEREUM)
$2,644 -0.81%
binancecoin
BNB (BINANCECOIN)
$686.32 -0.25%
solana
Solana (SOLANA)
$170.68 -3.29%
ripple
XRP (RIPPLE)
$2.26 -2.55%
shiba-inu
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pepe
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bonk
Bonk (BONK)
$0.000020 -4.09%
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Bitget Launches BGUSD to Provide Daily Yield Through Tokenized Finance

Highlights:

  • The cryptocurrency exchange has introduced a new asset for customers who want lower risks.
  • BGUSD generates returns from tokenized assets like US Treasury products and money market funds.
  • Users can redeem BGUSD instantly or wait three days, with both options charging a fixed fee of 0.1%.

Bitget, founded in 2018, has introduced a new stable asset product that targets users seeking yield from tokenized real-world assets. BGUSD, the new digital asset, gives holders an annual yield of 4% and a bonus of 5% for the first 30 days after launch. Bitget made this product with the aim of attracting those who want lower risks and steady earnings from crypto markets.

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Customers can purchase BGUSD with either USDC or USDT, and they can trade the platform’s BGUSD coins directly for USDC. The company pays yield daily into spot accounts, depending on each individual user’s minimum daily balance. The company noted that customers can easily redeem their assets using the instant or standard redemption features. As a result, users can manage their funds more flexibly.

Instant redemption is processed from Bitget’s reserve pool, allowing users to access funds quickly. For those who prefer traditional financial processing, a standard redemption option completes within three business days. Every subscription and redemption comes with a locked-in fee of 0.1%. Bitget stated that this structure enables users to participate in yield generation without increased exposure to crypto market risks.

Bitget Launches BGUSD Backed by Tokenized Treasuries

The BGUSD yield structure is dependent on a variety of tokenized real-world assets. In particular, these assets include high-grade money market funds and tokenized United States Treasury products. These low-risk assets contribute to a consistent and predictable yield. Bitget has collaborated with several companies that provide services on tokenization. One of the major partners in this initiative is Superstate, which offers its USTB tokenized treasury fund as a core component of BGUSD’s asset basket.

Investors can get exposure to traditional financial assets such as government debt instruments while managing all of their digital assets directly. Bitget has ensured that BGUSD works seamlessly within its existing infrastructure. This integration enables users to utilize the asset for lending activities, futures margin requirements, and participation in its Launchpool and PoolX staking programs.

The platform also allows users to manage BGUSD directly through its standard trading interface. The move offers real-time visibility into holdings and daily yield accumulation. With full integration into Bitget’s broader ecosystem, the asset fits into the platform’s strategy of combining crypto functionality with traditional financial principles.

Platform Expansion Targets Stable Growth and Broader Access

Bitget has introduced BGUSD to provide more digital financial products that focus on yield. According to the company, this launch is meant to address the needs of crypto users, traditional investors, and those active in finance. The company backs BGUSD with a structure that advances safe portfolio growth and ensures returns are accessible for all users.

According to CEO Gracy Chen, BGUSD offers the features of popular digital assets as well as the stability users usually expect from well-established traditional assets. She added that the asset supports smarter and more resilient portfolio management for Bitget’s global users.

Earlier in April, Bitget’s transparency report revealed a significant increase in spot trading activity, which rose by nearly 160%. The total trading volume of the platform reached $2.08 trillion in the first quarter of the year, while its proof-of-reserves level exceeded 130%.

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