Bitget has rolled out the second phase of its FCN, or Fixed Coupon Note, product linked to U.S. stock rTokens. The new offering uses a 20% discount to set the execution price, allowing users to subscribe with USDT and choose from three underlying names: MicroStrategy (MSTR), SK Hynix (SKHY), and SpaceX (SPCX). The reference APR ranges are 19% to 25% for MSTR, 14% to 17% for SKHY, and 13% to 16% for SPCX. Bitget is also running a limited-time cashback campaign tied to cumulative subscription amounts, with rewards reaching as high as 10,000 USDT per user. The campaign runs through Sept. 18. Under the product structure, if the observation price at maturity is not below the execution price, users receive their USDT principal back along with fixed interest. If the observation price falls below the execution price, the principal is converted into the corresponding rToken at the execution price, while the fixed interest is still paid.
Bitget has launched the second phase of its FCN product, a Fixed Coupon Note tied to single-name U.S. stock rTokens. The product uses a 20% discount to set the execution price.
The underlying names and reference APR ranges in this round are MicroStrategy (MSTR) at 19% to 25%, SK Hynix (SKHY) at 14% to 17%, and SpaceX (SPCX) at 13% to 16%.
Cashback campaign runs through Sept. 18
Bitget said its limited-time cashback campaign is still underway. Users who reach designated cumulative subscription tiers can receive corresponding cashback rewards, with a maximum payout of 10,000 USDT per user. The campaign will end on Sept. 18. More details are available on Bitget’s official platform.
How the FCN product works
Bitget FCN, short for Fixed Coupon Note, is a structured yield product linked to a single U.S. stock rToken. Users can subscribe with USDT and choose a target stock.
The execution price for each product cycle is determined by multiplying the U.S. stock’s closing price on the fundraising end date by the discount rate. At maturity, if the observation price is not lower than the execution price, users receive their USDT principal back along with fixed interest. If the observation price is lower than the execution price, the principal is converted into the corresponding rToken at the execution price, and the fixed interest is still paid.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
