Bitget, a Dubai-based crypto exchange, said on July 13 that it launched Cash Plus, a product that lets users convert USDT and USDC into a yield-bearing balance while keeping their funds liquid.

The company said the reference annual percentage rate (APR) at launch was 4%, although returns will vary with market conditions. Yield accrues from the time of deposit, compounds daily, and does not require a fixed lock-up.

Bitget said Cash Plus funds are currently allocated mainly to USDGO, and that yield is also supported by its operations.

USDGO was issued by Anchorage Digital Bank N.A. OSL Group is the stablecoin’s brand operator and distributor, and its reserves are backed 1:1 by US dollars and high-quality liquid assets.

Bitget said eligible Cash Plus balances are expected to become available as trading margin in the third quarter.

Public sources do not confirm that Bitget holds a license from Dubai’s Virtual Assets Regulatory Authority (VARA).

🔗 Source: Bitget