Crypto exchange Bitget has officially entered the booming real-world asset (RWA) market with the launch of BGUSD, a yield-bearing stable asset designed to combine the stability of fiat-backed assets with the earning potential of traditional financial instruments.
BGUSD Offers 4% Yield via Tokenized Treasury Assets
Announced on May 27, BGUSD offers users a 4% annual yield, credited daily to their spot accounts. Subscriptions are available in USDC and USDT, and the asset is fully redeemable in USDC at any time.
According to Bitget CEO Gracy Chen, the yield is generated from a basket of tokenized traditional instruments, including U.S. Treasury bills and high-grade money market funds. These assets are managed in partnership with regulated institutional tokenization providers such as Superstate.
“BGUSD is structured as a yield-bearing stable asset certificate,” said Chen. “It is distinct from both stablecoins and securities and is exclusive to the Bitget platform.”
Transparency Measures and Reserve Management
In light of growing calls for transparency in the stablecoin sector, Chen revealed that Bitget will roll out third-party attestations in the near future. These attestations will verify the asset backing and reserve holdings of BGUSD.
“Transparency and accountability are core principles of BGUSD’s framework,” Chen emphasized. “While independent attestations are coming, our partners are already under rigorous audit requirements and regulatory oversight.”
To maintain liquidity, Bitget manages a reserve pool that includes on-hand assets like USDC, ensuring that redemptions can be processed without delays.
Yield-Bearing Stablecoins Hit $11B Market Cap
Bitget’s foray into RWAs aligns with the explosive growth of yield-bearing stablecoins, which have climbed to $11 billion in market cap — a 7x increase from early 2024, per Pendle.
This asset class now represents 4.5% of the entire stablecoin market, driven by regulatory clarity in the United States under the Trump administration. The SEC’s approval of Figure Markets’ interest-bearing stablecoin and proposed legislation like the STABLE Act and GENIUS Act signal broader institutional acceptance.
Regulated Expansion with Geographic Restrictions
Chen noted that BGUSD will be restricted in jurisdictions with digital asset limitations, reflecting Bitget’s commitment to compliance as it navigates this evolving landscape.
“We’re building for a future where crypto and traditional finance converge safely and transparently,” Chen said.