Bitget Launches Yield-Bearing Stable Asset, BGUSD, to Navigate Crypto Volatility

Crypto exchange Bitget has entered the competitive market for crypto investment products with the launch of BGUSD, a yield-bearing stable asset backed by tokenized real-world assets. This product offers an annual return of 4%, credited daily to users’ spot accounts. Users can subscribe to BGUSD using either USDC (USDC) or USDt (USDT), with redeemability into USDC on demand.