Bitget Joins Real-World Asset Race with Launch of Yield-Bearing BGUSD Stable Asset

Bitget Joins Real-World Asset Race with Launch of Yield-Bearing BGUSD Stable Asset

Crypto exchange Bitget has officially stepped into the rapidly growing market for tokenized real-world assets (RWA) with the launch of BGUSD, a new yield-bearing stable asset that offers users an annual yield of 4%. Unlike traditional stablecoins or securities, BGUSD functions as a yield-bearing stable asset certificate, according to Bitget CEO Gracy Chen.

BGUSD subscriptions can be made using either USDC or USDT, with daily yield credited directly to users’ spot accounts. The asset can be redeemed back to USDC at any time, offering flexibility while minimizing exposure to crypto market volatility. The underlying yield is generated from a basket of tokenized financial instruments, including U.S. Treasury bills and high-grade money market funds, managed through partnerships with regulated tokenization providers such as Superstate.

Addressing concerns over transparency, Chen said Bitget is preparing to roll out third-party attestations to provide clear visibility into BGUSD’s backing. While these attestations are pending, she emphasized that Bitget’s institutional partners are already subject to strict regulatory oversight and auditing. The company directly manages its reserve pool to ensure liquidity for user redemptions, holding on-hand assets like USDC to meet demand.

Importantly, Chen clarified that BGUSD does not fall under the legal definitions of a stablecoin or a security and therefore does not require special licensing. She stressed that access to BGUSD will be limited in jurisdictions with strict digital asset regulations.

Bitget’s move comes as yield-bearing stablecoins surge in popularity, growing from $1.5 billion at the start of 2024 to $11 billion as of May 21, according to a report by Pendle. This now represents approximately 4.5% of the entire stablecoin market. Industry observers attribute the surge to increasing regulatory clarity in the U.S. under President Donald Trump’s administration.

Notably, in February, the U.S. Securities and Exchange Commission (SEC) approved exchange operator Figure Markets’ interest-bearing stablecoin, marking the first time a yield-bearing stablecoin received U.S. regulatory approval. Meanwhile, proposed legislation such as the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act and the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act further signal a positive shift in the regulatory environment for stablecoins.

With BGUSD, Bitget aims to tap into this momentum and offer users a more stable, yield-generating alternative within the crypto ecosystem, positioning itself as a serious player in the expanding RWA and stable asset space.