Bitget Unveils Yield-Bearing Stable Asset BGUSD 🚀
Cryptocurrency exchange Bitget has launched a new digital asset called BGUSD, promising a minimum annualized yield of 4%. BGUSD derives its yield from a diversified basket of low-risk, tier 1 tokenized real-world assets, including high-tier money market funds and tokenized US Treasury products. The initiative aims to combine crypto's innovative transparency with the reliable returns typical of traditional finance. The BGUSD asset allows for redemption at a 1:1 ratio with USDC and can be purchased using USDC or USDT, offering a stable, yield-generating alternative with minimal exposure to crypto market volatility.
FAQ
❓ What is Bitget's BGUSD?
BGUSD is a digital asset by Bitget that offers a yield from tokenized real-world assets with an annual return of at least 4%.
❓ How does BGUSD maintain stability?
BGUSD maintains stability through a diversified basket of low-risk, tier 1 tokenized real-world assets, minimizing crypto volatility exposure.