Bitget has introduced BGUSD, a new stablecoin offering daily passive income to users. This stablecoin is backed by real-world assets like tokenized US Treasury products and top-tier money market funds, ensuring stability and providing 5% yield during the first month for early subscribers. 💰
BGUSD can be easily subscribed to using either USDC or USDT, with redemptions happening solely in USDC to ensure price stability. Its unique blend of traditional finance and crypto innovation aims to bridge the gap between these worlds.
Bitget’s CEO Gracy Chen highlights that BGUSD allows users to grow their crypto assets passively in a secure environment. 🔐 This launch comes as Bitget continues its growth by expanding its offerings for digital asset services, aiming to cater to both retail and institutional investors.
BGUSD offers more than just stability; it empowers users with an opportunity for consistent passive income. It leverages Bitget’s extensive network of over 100 million users across the globe and strategic partnerships, including Superstate, to provide a transparent and accessible stablecoin experience.