Crypto exchange Bitget has introduced a new investment product, BGUSD, a yield-generating stable asset tied to real-world financial instruments like U.S. Treasury bills and top-tier money market funds.
The offering delivers a 4% annual yield, distributed daily to users’ spot wallets.
Subscriptions are open via USDC or USDT, with redemptions available in USDC at any time. Bitget says the product is built to provide a stable yield without the volatility associated with typical crypto assets.
CEO Gracy Chen explained that BGUSD is powered by partnerships with regulated tokenization firms such as Superstate. She emphasized that although independent attestations are not yet live, third-party verification of BGUSD’s reserves is on the roadmap.
“Transparency is foundational,” Chen stated, noting that Bitget controls the reserve pool to ensure liquidity. She also clarified that BGUSD is not classified as a stablecoin or a security but operates as a proprietary yield-bearing instrument exclusive to the Bitget platform.
Access to BGUSD will be geo-restricted in jurisdictions with regulatory constraints on digital assets.