Bitget Launches US Stock FCN Fixed Coupon Notes, Up to 71% APR

TechFlow news, on August 18, Bitget announced the official launch of FCN (Fixed Coupon Note), introducing 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.

First phase underlying assets and reference APR range: SanDisk SNDK 56%–71%, Marvell MRVL 49%–61%, SK Hynix SKHY 46%–58%, Micron MU 39%–48%, NVIDIA NVDA 13%–16%. Additionally, Bitget simultaneously launched a limited-time cashback campaign; once users' cumulative subscription amount reaches specified tiers, they can receive corresponding cashback rewards, with a maximum of 10,000 USDT per person. The event ends on September 18; for more details, please refer to the official Bitget platform.

Bitget 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 set the strike price. At maturity, if the observation price is at or above the strike price, the USDT principal and fixed interest will be returned; if below the strike price, the principal will be converted into the corresponding rToken at the strike price, while fixed interest can still be obtained.