BitMart to List BMRUSD/USDT Trading Pair on November 11

BitMart introduces BMRUSD, a yield-bearing USD stablecoin backed by DigiFT-regulated US Treasuries and money market funds, offering 6%-8% annual returns with instant USDT redemption.

USDT

Summary

BitMart officially announced the launch of BMRUSD, a yield-bearing USD stablecoin backed by DigiFT-regulated tokenized US Treasuries and money market funds. Offering a 6%-8% annual yield, BMRUSD maintains a 1:1 peg to USDT and supports instant redemption. It will integrate into BitMart’s ecosystem and debut with the BMRUSD/USDT trading pair on November 11 at 16:00 UTC+8.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset, such as a fiat currency, to reduce volatility.
  • USDT: Tether, a widely used USD-pegged stablecoin in the cryptocurrency market.
  • Money market funds: Low-risk investment funds that hold short-term, high-quality debt instruments.