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BITGET LAUNCHES BGUSD — A 4% YIELD-BEARING STABLE ASSET BACKED BY REAL-WORLD ASSETS
Bitget is diving into the red-hot real-world asset (RWA) sector with a new crypto product — BGUSD, a yield-bearing stable asset offering 4% APY, paid daily.
What Is BGUSD?
🔹 BGUSD is not your average stablecoin — Bitget CEO Gracy Chen calls it a “yield-bearing stable asset certificate.”
🔹 It offers 4% annual yield, credited daily to users’ spot wallets.
🔹 Subscriptions are available via USDC or USDT, and BGUSD is redeemable back to USDC on demand.
🔹 Yield is generated through a basket of tokenized real-world assets like U.S. Treasury bills and high-grade money-market funds.
How It Works
Bitget partners with regulated tokenization platforms like Superstate to manage its asset reserves.
🛡️ Liquidity: Bitget directly manages the reserve pool and maintains on-hand USDC to guarantee redemptions.
📑 Transparency: Bitget will implement third-party attestations and audits soon, though its institutional partners already follow strict regulatory oversight.
“Transparency and accountability are core principles of BGUSD’s framework.” — Gracy Chen, CEO, Bitget
No Stablecoin, No Security — A New Category?
Bitget says BGUSD is not a stablecoin or a security, and therefore isn’t subject to traditional licensing requirements.
“It’s structured as a yield-bearing stable asset certificate exclusive to the Bitget platform.” — Chen
🌍 Availability: Access will be restricted in jurisdictions with digital asset regulations.
Why It Matters
The launch comes as yield-bearing stablecoins explode, growing from $1.5B in January to $11B in May, now comprising 4.5% of the stablecoin market.
📈 Regulatory tailwinds from the Trump administration are pushing growth:
- SEC approved the first U.S. yield-bearing stablecoin by Figure Markets (Feb 2025)
- Legislative support includes the STABLE Act and the GENIUS Act
Bottom Line
With BGUSD, Bitget enters the fast-growing RWA + stablecoin arena — offering a product that merges crypto convenience with traditional finance yield.
@ Newshounds News™
Source: Cointelegraph
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JP MORGAN DOWNGRADES U.S. DOLLAR — SAYS BRICS GIANTS CHINA & INDIA ARE ASCENDING
JP Morgan is shifting gears—cutting its outlook on the U.S. dollar while turning bullish on emerging markets, particularly BRICS powerhouses China and India.
Dollar Weakness Opens Door for BRICS Surge
According to JP Morgan’s latest research note, the U.S. dollar could remain soft throughout 2025, and that may be the catalyst for a major capital shift into BRICS markets.
📉 The DXY Index has slid into the 98 range, struggling to hold above key resistance levels near 100.
“USD could stay soft this year, which would help EM assets (BRICS),” the report stated.
“EM historically traded inversely to the dollar. The big question: Is the 15-year EM downtrend finally reversing?”
Spotlight on China, India, and Brazil
JP Morgan highlighted China, India, and Brazil as top picks within the emerging market space.
“Within EM, we think (BRICS members) China could be of interest… as well as India and Brazil.”
The CSI index and H-shares are seen as poised for a catch-up rally, with institutional and hedge fund flows already shifting into these markets.
U.S. Policy Risks Amplify Dollar Headwinds
JP Morgan cautioned that U.S. fiscal uncertainty may worsen dollar weakness:
“US bond yields may rise short-term—fueled by potential aggressive tax cuts, rising deficits, and inflationary tariffs—but that backdrop could actually accelerate EM strength.”
The combination of slowing dollar momentum, global investment inflows, and rising geopolitical autonomy in BRICS may lead to a broader de-dollarization trend in the global economy.
Why It Matters
🌍 As the dollar stumbles, BRICS nations could emerge as investment darlings, with massive implications for:
- Global FX reserves
- Commodities pricing
- Crypto flows into BRICS-aligned regions
Bottom Line
JP Morgan is betting on the rise of the East. With the dollar losing steam, BRICS nations may finally flip the global economic script — and investors are already moving capital accordingly.
@ Newshounds News™
Source: Watcher.Guru
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