Bitget Launches the 2nd Phase of the US Stock Bottom Fishing Yield Token FCN, Offering 20% Off for US Stock Purchase and Up to 25% APR

BlockBeats News, August 25th, Bitget launched the 2nd phase of its Stock Bottom Fishing Yield-earning Product FCN (Fixed Coupon Note). This phase has a discount rate of 20% off, with the following reference APR ranges: MicroStrategy MSTR 19%–25%, SK Hynix SKHY 14%–17%, SpaceX SPCX 13%–16%.

In addition, Bitget's limited-time cashback event is ongoing. Users can receive a cashback reward when the cumulative subscription amount reaches the specified level, with a maximum reward of 10,000 USDT per person. The event ends on September 18th. For more details, please refer to the Bitget official platform.

Bitget's FCN (Fixed Coupon Note) is a type of structured financial product linked to a single US stock rToken. Users can use USDT to subscribe and select the target US stock asset. The current product's purchase execution price is determined based on the US stock's closing price on the product subscription end date * discount rate. At maturity, if the observation price is not lower than the execution price, the principal USDT and fixed interest will be returned; if it is lower than the execution price, the principal will be converted into the corresponding rToken at the execution price, while still receiving the fixed interest.