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Bybit Launches USDtb: A Next-Gen Stablecoin Backed by U.S. Treasury Assets

Bybit, the world’s second-largest crypto exchange, lists USDtb, a groundbreaking stablecoin backed by BlackRock’s institutional fund, offering enhanced stability and yield for traders and investors.
Published on 2025-03-06

Bybit Pioneers USDtb Listing: A New Era for Stablecoins

Bybit, the second-largest cryptocurrency exchange by trading volume, has made history by listing USDtb, a revolutionary blockchain-based stablecoin developed by Ethena Labs. This innovation combines the stability of traditional stablecoins with the security of institutional-grade U.S. Treasury assets, marking a significant leap in the digital asset space.

What Makes USDtb Unique?

USDtb stands out by blending tokenized U.S. Treasury fund products with stablecoin features. Unlike traditional stablecoins, it offers faster and cheaper transactions compared to conventional banking systems. This next-generation stablecoin provides users with stable returns and principal protection, building on the success of Ethena Labs’ USDe.

Key Timeline and Promotional Offer

  • Spot Trading Listing: March 4, 2025, 8 AM UTC
  • Withdrawals Open: March 5, 2025, 8 AM UTC
  • 5% APR Boost: Available from March 6 to April 4, 2025, for Bybit users, with no lock-up requirements.
  • Airdrop Snapshot: March 6, 2025
  • First Reward Distribution: Before March 7, 6 AM UTC

Eligible users can earn a 5% Annual Percentage Rate (APR) on USDtb holdings, with rewards distributed on a first-come, first-served basis, capped at 200 million USDtb tokens. Post-promotion, holders continue to earn rewards indefinitely.

Bridging Traditional Finance and Digital Assets

Jerry Li, Head of Earn & Wealth Management at Bybit, emphasized the platform’s commitment to innovation, stating, "Bybit is pioneering a new frontier for stablecoins, offering unprecedented transparency and security." This listing expands users' options for secure savings and dynamic trading, aligning with Bybit’s mission to bridge traditional finance (TradFi) and decentralized finance (DeFi).

About Bybit

As a global leader serving over 60 million users, Bybit is dedicated to creating a seamless, open ecosystem that empowers Web3 enthusiasts. Known for its robust infrastructure and user-centric approach, Bybit continues to drive innovation in the digital asset space.

This strategic move underscores Bybit’s commitment to advancing the digital economy, providing users with cutting-edge financial tools and opportunities.

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