Bitget launches US Stock FCN Fixed Coupon Notes, offering up to 71% APR

Odaily Planet Daily News: Bitget has officially launched FCN (Fixed Coupon Notes), bringing structured products from traditional finance into the tokenized US stock sector, becoming the first crypto exchange to combine the FCN structure with USDT settlement and US stock rToken delivery.

The initial underlying assets and reference APR ranges are as follows: SanDisk SNDK 56%–71%, Marvell MRVL 49%–61%, SK Hynix SKHY 46%–58%, Micron MU 39%–48%, and NVIDIA NVDA 13%–16%. In addition, Bitget has simultaneously launched a limited-time cashback campaign, where users can receive corresponding cashback rewards once their cumulative subscription amount reaches designated tiers, with a maximum of 10,000 USDT per individual. The campaign runs until September 18. For more details, please refer to Bitget's official platform.

Bitget FCN (Fixed Coupon Note) is a type of structured financial product linked to a single US stock rToken. Users can subscribe using USDT and set an exercise price. At maturity, if the observed price is not lower than the exercise price, the USDT principal and fixed interest will be returned; if it falls below the exercise price, the principal will be converted into the corresponding rToken at the exercise price, while still earning the fixed interest.