Exchange Spot of Bybit Marked Its Entry

The Exchange Spot of Bybit marked its entry into the crypto industry by introducing USDtb which functions as a blockchain-powered USD stablecoin

The Exchange Spot of Bybit marked its entry into the crypto industry by introducing USDtb which functions as a blockchain-powered USD stablecoin through Ethena Labs.

This major listing sees Bybit bring user-friendly institutional standards of security alongside transparency and powerful liquidity features to the digital asset market.

USDtb is primarily backed by the BUIDL token issued by BlackRock that comprises total assets consisting of cash together with U.S. Treasury Bills and short-term government obligations. The secure marketplace value coupled with clear auditing discussions makes USDtb an appealing investment choice for customers seeking asset stability and generous returns in the digital currency domain.

Redefining the Stablecoin Market USDtb represents a new stablecoin category because it combines U.S. Treasury fund products with stablecoins in a way that delivers improved features including stability, instant transaction speed, and yield generation capabilities. The transaction speed and cost benefits of USDtb enhance user experience while offering principal security and earning stable profits that equally rival USDe from Ethena Labs.

Key Milestones – USDtb Listing on Spot Trading: Mar. 4, 2025, 8 AM UTC Users will be able to withdraw USDtb starting from March 5, 2025 at 8 AM UTC. – USDtb 5% Airdrop – First Snapshot: Mar. 6, 2025 – First Reward Distribution: Before Mar. 7, 6 AM UTC

A user can make deposits and withdrawals through the Ethereum (ETH) blockchain network.

Exclusive 5% APR Boost for Bybit Users This listing celebration brings an APR of 5% yearly  for USDtb holdings from Bybit to all participants who become eligible users without any need for locking their assets. Eligible users who hold at least 0.005 USDtb during the period from Mar. 6 to Apr. 4 can participate in this time-bound event.

The earning ability to convert 95% of Treasury Bill yields  into passive revenue continues indefinitely after promotional timing ends. The USDtb distribution will happen according to a first-come first-served approach using a maximum token allocation of 200 million USDtb. The APR will decrease over time but every holder of USDtb on Bybit maintains perpetual reward distribution.

“By listing USDtb, Bybit is pioneering a new frontier for stablecoins — bridging traditional finance and digital assets with unprecedented transparency and institutional-grade security,” said Jerry Li, Head of Earn & Wealth Management at Bybit. “We are proud to be the first to introduce this innovative asset to our users, expanding their options for both secure savings and dynamic trading opportunities, all while maintaining the seamless experience Bybit is known for.”

About Bybit The trading volume at Bybit makes it rank as the second-largest cryptocurrency exchange worldwide while it maintains service for 60 million users across the globe. Bybit established its operations in 2018 with a mission to construct an open financial system that works as an accessible decentralized environment.

The company prioritizes Web3 technological developments to forge alliances with major blockchain systems for delivering dependable framework solutions together with safe asset storage and smooth user transactions. Bybit connects TradFi with DeFi by delivering multiple market options along with user-friendly interface tools and advanced blockchain components to serve crypto fans and transactional users and platform creators jointly.

Find out about the decentralized financial future by visiting the Bybit.com website.