Bitget, in another move to make the cryptocurrency ecosystem more sustainable and appealing to all, has introduced a yield-bearing stable asset certificate known as BGUSD. It will increase capital efficiency and open up passive income opportunities for users worldwide, according to the claims. Furthermore, BGUSD will offer a flexibility layer that actual assets will support. The goal is to integrate it smoothly with the platform’s existing trading and wealth management systems. Users will be able to redeem BGUSD to USDC at a 1:1 ratio; it can also be subscribed using USDT or USDC. Staking rewards also await those who hold this Bitget-based stablecoin, earning an annualized yield of 4%, which will be deposited into users’ accounts daily depending on their minimum balance. For the first month of this offer, however, Bitget has opted for a promotional APY of 5%. But from where does this asset derive its yield? The answer… Read More at Coingape.com
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