Bybit Becomes the First Exchange to List USDtb , Bringing Institutional-Grade Stability to Crypto Traders

Dubai, United Arab Emirates, March 6th, 2025, Chainwire Bybit, the world's second-largest cryptocurrency exchange by trading volume, becomes the first platform to include USDtb

Bybit, the world’s second-largest cryptocurrency exchange, has announced the listing of USDtb, a blockchain-based USD stablecoin created and managed by Ethena Labs, on its Spot exchange.

USDtb is backed primarily by BlackRock’s USD Institutional Digital Liquidity Fund Token (BUIDL), which holds 100% of its assets in cash, U.S. Treasury Bills, and other short-term U.S. government obligations.

This makes USDtb a compelling option for investors seeking both stability and yield in the digital asset ecosystem.

USDtb will also enable faster, cheaper transactions compared to traditional banking systems, offering users stable returns with principal protection — echoing the success of Ethena Labs’ USDe.

Key Timelines:

• March 6, 08:00 (ET): USDtb deposits and withdrawals will be available via the ETH network.

Exclusive 5% APR Boost for Bybit Users

To celebrate the listing, Bybit is offering 5% Annual Percentage Rate (APR) on USDtb holdings for new and existing eligible users with no lock-up requirements.

From Mar. 6 to Apr. 4, eligible Bybit users may join the Bybit exclusive event to enjoy the limited-time 5% APR on USDtb holdings, starting at a minimum of 0.00005 USDtb. Holders will continue to enjoy 95% of the yield on Treasury Bills after the 1st month.

Rewards will be distributed in USDtb on a first-come, first-served basis, and capped at a total of 200 million in USDtb tokens. The APR will be gradually decreasing after the cap is reached. However, all USDtb holders on Bybit will continue to earn rewards indefinitely after the promotional period ends.

“We are excited to welcome USDtb to our Spot exchange, expanding our offerings with an asset designed for both traders and those seeking yield-generating opportunities,” said Jerry Li, Head of Earn & Wealth Management at Bybit.

“USDtb combines the liquidity of stablecoins with the security and transparency of institutional-grade U.S. Treasury assets, marking a pivotal innovation in the evolution of digital dollars.”

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

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