Crypto exchange Bitget has entered the expanding market for crypto investment products with the launch of BGUSD, a yield-bearing stable asset backed by tokenized real-world assets. The company announced that BGUSD offers an annual yield of 4%, which is credited daily to users’ spot accounts. Subscriptions to BGUSD can be made using either USDC (USDC) or USDt (USDT), and the asset is redeemable back to USDC on demand. The company said the yield is derived from a basket of tokenized instruments, including US Treasury bills and high-grade money-market funds
source: https://cointelegraph.com/news/bitget-enters-real-world-asset-race-with-yield-bearing-bgusd-stablecoin?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound