Bitget Launches BGUSD, a Yield-Bearing Stable Asset
- BGUSD offers daily yields up to 5% APY, backed by tokenized real-world assets.
- The asset is fully backed by tier-1 tokenized RWAs, including US Treasury products.
- Each BGUSD is redeemable 1:1 for USDC with instant or 3-day redemption options.
- Tokenized US Treasury assets have exceeded $1.5 billion, showing a 600% annual growth.
- Stablecoin circulation has reached over $160 billion as of Q1 2025.
Bitget’s new stable asset, BGUSD, provides up to 5% APY through tokenized real-world assets and can be redeemed for USDC. The launch aligns with the significant growth in tokenized US Treasury assets and stablecoin circulation.
Source (2.6)https://cryptobriefing.com/bitget-yield-bearing-stable-asset/?rand=59535