Bitget Launches Second Phase of Fixed Coupon Note Product with 8x Discount Rate

Bitget has launched its second phase of a fixed coupon note (FCN) product, which allows users to earn interest on their USDT while betting on the performance of select American stocks. The FCN product is a type of structured financial instrument tied to the value of specific rTokens representing individual American stocks.

The discount rate for this round is 8 times, and the reference APR ranges from 19% to 25% for Micron Technology (MSTR), 14% to 17% for SK Hynix (SKHY), and 13% to 16% for SpaceX (SPCX).

Additionally, Bitget has a limited-time cashback promotion running concurrently with the FCN product launch. Eligible users can earn up to 10,000 USDT in cashback rewards based on their cumulative subscription amount. The promotion ends on September 18.