Bitget launches the US stock FCN fixed interest note, with a maximum APR of 71%

Bitget announced the official launch of FCN (Fixed Coupon Note), bringing structured products from traditional finance into the tokenized US stock market, becoming the first cryptocurrency exchange to combine the FCN structure with USDT settlement and US stock rToken delivery.

The first phase of 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%. In addition, Bitget has launched a limited-time cashback promotion, where users can receive corresponding cashback rewards after accumulating a specified subscription amount, with a maximum of 10,000 USDT per person. The promotion ends on September 18, and more details can be found on the Bitget 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 the execution price. Upon maturity, if the observation price is not lower than the execution price, the USDT principal 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 fixed interest.