Bitget launches BGUSD, a yield-bearing stable asset backed by tokenized real-world assets

Crypto exchange Bitget has entered the expanding market for crypto investment products with the launch of BGUSD, a yield-bearing stable asset

Crypto exchange Bitget has entered the expanding market for crypto investment products with the launch of BGUSD, a yield-bearing stable asset that offers an annual yield of 4%, the company announced.

The platform’s new offering is designed to provide users with a low-risk way to earn a return on their crypto investments. BGUSD can be subscribed to using either USDC (USDC) or USDt (USDT), and the asset is redeemable back to USDC on demand.

The yield is derived from a basket of tokenized instruments, including US Treasury bills and high-grade money-market funds. These assets are managed via partnerships with regulated institutional tokenization providers such as Superstate.

“We are thrilled to introduce BGUSD, a unique product that combines the strengths of decentralized finance and traditional financial institutions to provide our users with an exceptional investment opportunity,” said Bitget CEO Gracy Chen.

“With its high yield, minimal volatility, and seamless integration into the Bitget ecosystem, BGUSD is an ideal choice for users who want to grow their crypto assets in a safe and efficient manner.”

The product’s structure is designed to reduce exposure to crypto volatility while delivering returns through traditional financial instruments. This approach aims to cater to a broader range of user preferences and investment strategies.

In response to questions about transparency, Chen said that Bitget is preparing to roll out third-party attestations to provide visibility into BGUSD’s asset backing.

“Transparency and accountability are core principles of BGUSD’s framework,” she said.

“While independent attestations are in the works, our institutional partners are already subject to rigorous audit requirements and regulatory oversight. Together, these measures provide layers of validation for the asset backing BGUSD.”

Chen clarified how Bitget maintains liquidity for users who want to redeem BGUSD. The executive said Bitget directly manages the reserve pool, which includes stable, on-hand assets like USDC.

According to Chen, BGUSD does not fall under the definitions of a stablecoin or a security and is not subject to specific licensing requirements.

“It’s structured as a yield-bearing stable asset certificate that’s exclusive to the Bitget platform and is designed to be compliant with relevant regulations in the respective jurisdictions where we operate,” Chen explained.

Chen added that Bitget will limit access to BGUSD in jurisdictions where digital asset restrictions apply.