MBG (MultiBank Group) has risen 21.55% in the last 24 hours.

Gate News Bot news, October 31, according to CoinMarketCap data, as of the time of writing, MBG (MultiBank Group) is currently priced at $0.72, with a rise of 21.55% in the last 24 hours, reaching a high of $0.80 and a low of $0.48. The current market capitalization is approximately $93 million, an increase of $1.65 million compared to yesterday.

MBG is the utility token of the MultiBank Group ecosystem. MultiBank Group is a large financial institution with an average daily trading volume of $35 billion and over 2 million customers. The MBG Token is backed by assets valued at $29 billion. MBG has been listed for trading on multiple platforms.

Important news about MBG recently:

1️⃣ Gate Yubibao launches high-yield MBG fixed-term financial products

Gate platform launched the MBG 14-day fixed income product on October 30, with an annualized return of up to 60%. The total quota for this product is 840,000 MBG, and the event will last until November 30. The launch of this high-yield investment product not only provides a new income channel for MBG holders but also helps attract more investors to pay attention to and participate in the MBG ecosystem.

2️⃣ Dual-currency yield model increases product attractiveness

The newly launched MBG fixed-term financial product adopts an innovative dual-currency income distribution model. Of the total income, 30% is distributed in the form of MBG tokens, while another 30% is distributed in USDT. This design allows investors to gain stablecoin income while also sharing in the potential appreciation of MBG tokens, enhancing the product's attractiveness and flexibility.

3️⃣ MultiBank Group's strong background supports MBG value

The MultiBank Group behind the MBG token has total assets of $29 billion and an average daily trading volume of over $35 billion, demonstrating strong financial strength and market influence. As a convergence point between traditional finance and Web3 technology, the MBG token is committed to achieving practical application scenarios, providing a solid foundation for the long-term development of MBG.

From a technical perspective, the significant rise of MBG in the past 24 hours may be directly related to the launch of new financial products. This initiative has not only increased market attention on MBG but also provided new application scenarios for the token, potentially sparking investors' enthusiasm for buying. However, investors should still be cautious, as high returns often come with high risks, and market fluctuations can be substantial.

This message is not to be taken as investment advice; investors should be aware of market volatility risks.