Dubai, United Arab Emirates, March 6, 2025, Chain Wire
BYBIT, the world’s second largest cryptocurrency exchange by trading volumes, will be the first platform to include USDTBa blockchain-based Stablecoin created and managed by Ethena Labs in that spot exchange. USDTB combines the liquidity of stubcoin with the security and transparency of the agency-grade US Treasury Department to demonstrate pivotal innovation in the evolution of the digital dollar.
USDTB is primarily supported by BlackRock’s USD Institutional Digital Ryquidity Fund Fund Token (BUIDL). It holds 100% of its assets in cash, US Treasury and other short-term US government obligations. This conservative and transparent backing makes USDTB a compelling option for investors looking for both stability and yield in their digital asset ecosystem.
New chapters in Stablecoins
Unlike traditional stable coins, USDTB blends offer a unique combination of stability, flexibility and immediate liquidity, tokenizing US Finance products tokenized with Stablecoin Reserve. This next-generation Stablecoin enables faster and cheaper transactions than traditional banking systems, providing users with stable returns with key protection.
Key Timeline
- USDTB list for spot trading: March 4th, 2025, 8am
- USDTB drawer is open: March 5th, 2025, 8am
- USDTB 5% Airdrop: First snapshot of March 6, 2025
- First Reward Distribution: March 7th, before 6am
Deposits and withdrawals will be made available via the ETH network.
Exclusive 5% APR boost for Bibit users
Provided by Bybit to celebrate the list 5% Annual Rate (APR) Holdings USDTB for new and existing eligible users with no lockup requirements. from March 6th to April 4thEligible BYBIT users can take part in BYBIT exclusive events and enjoy a limited 5% APR at USDTB Holdings, starting at a minimum of 0.00005 USDTB. Holders will continue to enjoy 95% of Treasury bill yields from one month onwards.
Rewards are distributed on USDTB on a first-come, first-served basis, and are concluded with a total of 200 million caps in USDTB tokens. After reaching the cap, the APR gradually decreases. However, all USDTB holders of BYBit will continue to earn rewards indefinitely after the promotion period ends.
“Bybit is pioneering Stablecoins’ new frontier by listing USDTBs. It fills unprecedented transparency and institutional grade security in traditional financial and digital assets.” Jerry Li, Head of Earn & Wealth Management at BYBIT. “We are proud to introduce this innovative asset to our users and expand our options for both safe savings and dynamic trading opportunities.
About Bybit
By trading volumes, BYBIT is the world’s second largest cryptocurrency exchange, serving a global community of over 60 million users. Founded in 2018, Bybit redefines openness in a decentralized world by creating a simple, open and equal ecosystem for all. With a focus on Web3, Bybit Partners is a strategic partner with key blockchain protocols, providing robust infrastructure and driving innovation on the chain. Famous for its secure custody, diverse markets, intuitive user experiences and advanced blockchain tools, the gap between Bybit Bridges Tradfi and Defi will help builders, creators and enthusiasts reach their full potential in Web3. Discover the future of decentralized finance at Bybit.com.
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Disclaimer: This is a press release published via a crypto-centric newswire.