{"id":130082,"date":"2025-05-27T10:15:29","date_gmt":"2025-05-27T10:15:29","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=130082"},"modified":"2025-05-27T10:15:29","modified_gmt":"2025-05-27T10:15:29","slug":"bitget-enters-real-world-asset-race-with-yield-bearing-bgusd-stable-asset","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=130082","title":{"rendered":"Bitget enters real-world asset race with yield-bearing BGUSD stable asset"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto 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.<br \/>\nThe company announced that BGUSD offers an annual yield of 4%, which is credited daily to users\u2019 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.<br \/>\nThe company said the yield is derived from a basket of tokenized instruments, including US Treasury bills and high-grade money-market funds. \u201cThese assets are managed via partnerships with regulated institutional tokenization providers such as Superstate,\u201d Bitget CEO Gracy Chen told Cointelegraph.<br \/>\nThe product\u2019s structure is designed to reduce exposure to crypto volatility while delivering returns through traditional financial instruments.\u00a0<br \/>\nBitget to roll out third-party attestations<br \/>\nIn response to questions about transparency, Chen said that Bitget is preparing to roll out third-party attestations to provide visibility into BGUSD\u2019s asset backing.<br \/>\n\u201cTransparency and accountability are core principles of BGUSD\u2019s framework,\u201d she said. \u201cWhile independent attestations are in the works, our institutional partners are already subject to rigorous audit requirements and regulatory oversight.\u201d<br \/>\nChen 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.\u00a0<br \/>\nAccording to Chen, BGUSD does not fall under the definitions of a stablecoin or a security and is not subject to specific licensing requirements.<br \/>\n \u201cIt\u2019s structured as a yield-bearing stable asset certificate that\u2019s exclusive to the Bitget platform,\u201d Chen told Cointelegraph.<br \/>\nChen added that Bitget will limit access to BGUSD in jurisdictions where digital asset restrictions apply.<br \/>\nRelated: Stablecoins\u2019 dominance due to limitations of US banking \u2014 Jerald David<br \/>\nYield-bearing stablecoins surge to $11 billion<br \/>\nBitget\u2019s move into yield-bearing stablecoins comes as the asset class has surged to $11 billion. According to a Pendle report, yield-bearing stablecoins climbed from $1.5 billion at the start of 2024 to $11 billion as of May 21. This represents 4.5% of the entire stablecoin market.\u00a0<br \/>\nThe growth of yield-bearing stablecoins is attributed to increasing regulatory clarity in the United States under President Donald Trump\u2019s administration.<br \/>\nAccording to a Feb. 18 filing, the US Securities and Exchange Commission (SEC) approved exchange operator Figure Markets\u2019 interest-bearing stablecoin. This made the company the first to receive US approval for a yield-bearing stablecoin.\u00a0<br \/>\nApart from a favorable response from the SEC, proposed bills like the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) also signal a positive direction for stablecoins in the US.\u00a0<br \/>\nMagazine: TradFi is building Ethereum L2s to tokenize trillions in RWAs: Inside story<a href=\"https:\/\/cointelegraph.com\/news\/bitget-enters-real-world-asset-race-with-yield-bearing-bgusd-stablecoin?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsCrypto 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&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130082"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=130082"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/130082\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=130082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=130082"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=130082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}