Crypto exchange Bitget has officially entered the real-world asset (RWA) tokenization space with the launch of BGUSD—a new yield-generating digital asset designed to offer exposure to traditional financial instruments without the volatility typical of cryptocurrencies.
Described by Bitget CEO Gracy Chen as a “yield-bearing stable asset certificate,” BGUSD differs from conventional stablecoins or securities. It delivers a 4% annualized return, distributed daily to users’ spot wallets. Subscriptions are available in USDC or USDT, and redemptions are processed back to USDC at the user’s discretion.
The returns are backed by tokenized versions of low-risk, yield-generating assets such as U.S. Treasury bills and high-quality money market funds. These instruments are managed through regulated partners like Superstate—one of several institutional players supporting BGUSD’s backing.
The move signals Bitget’s intent to expand its product suite with offerings that merge DeFi innovation and TradFi stability. It also positions the exchange within a growing market segment that seeks to combine yield, transparency, and regulatory alignment—meeting increased demand for crypto-native tools tied to real-world value.
Bitget Pledges Independent Attestations for BGUSD
As Bitget rolls out its new yield-bearing asset, questions around transparency are emerging. In response, CEO Gracy Chen confirmed that the company will introduce third-party attestations to verify BGUSD’s asset backing and reinforce investor trust.
“Transparency and accountability are foundational to how we’ve built BGUSD,” Chen told Cointelegraph, adding that while external attestations are forthcoming, Bitget’s institutional partners—such as Superstate—already operate under strict audit regimes.
Chen emphasized that Bitget actively manages BGUSD’s liquidity pool to support seamless redemptions, with reserves held in stable assets like USDC. The platform’s internal safeguards ensure users can redeem BGUSD without exposure to volatile market swings.
Importantly, BGUSD is not classified as a traditional stablecoin or regulated security. Instead, it is defined as a “yield-bearing stable asset certificate” exclusive to Bitget’s ecosystem—an asset class the exchange says currently falls outside licensing requirements in most jurisdictions.
However, access to BGUSD will be geo-fenced in countries with strict digital asset regulations. Chen confirmed Bitget intends to remain fully compliant with all local laws. The rollout reflects the exchange’s broader strategy to blend crypto-native innovation with institutional-grade regulatory practices.
Yield-Bearing Stablecoins Surge to $11B
Bitget’s entry into the yield-bearing stablecoin market arrives at a time of rapid sector expansion. According to a recent report from Pendle, the total market cap for yield-generating stable assets has jumped from $1.5 billion in early 2024 to $11 billion as of May 21—now accounting for 4.5% of the broader stablecoin ecosystem.
Analysts attribute the surge in part to evolving U.S. regulatory dynamics. Under the Trump administration, federal agencies have taken a more favorable stance toward digital assets—especially those tied to real-world financial products.
A pivotal moment came in February when the U.S. Securities and Exchange Commission (SEC) approved Figure Markets’ interest-bearing stablecoin—the first of its kind to gain regulatory clearance. The decision marked a key shift for a sector long constrained by legal ambiguity.
Further momentum is being driven by pending legislation aimed at introducing transparency and oversight. Two key proposals—the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act and the GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins)—are seen as frameworks that could support the broader adoption of yield-bearing digital assets.
Quick Facts
- Bitget launches BGUSD with 4% annualized yield
- Backed by tokenized U.S. Treasurys and money market funds
- Daily yields paid to users’ spot wallets
- BGUSD classified as a “stable asset certificate,” not a security
- Yield-bearing stablecoin market now valued at $11 billion
