Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has officially become the first exchange to list USDtb, a cutting-edge blockchain-based USD stablecoin developed by Ethena Labs.
USDtb is designed to combine the efficiency and liquidity of stablecoins with the security of traditional finance. The asset is backed primarily by BlackRock’s USD Institutional Digital Liquidity Fund Token (BUIDL), which consists of cash, US Treasury Bills, and other short-term US government obligations. This unique structure offers investors a stable and transparent alternative in the evolving stablecoin market.
A Breakthrough in Stablecoin Innovation
Unlike conventional stablecoins that rely on bank deposits or crypto-based collateral, USDtb blends tokenized US Treasury fund products with a stablecoin reserve, delivering a new paradigm of stability, yield generation, and instant liquidity. Its structure enables faster and more cost-effective transactions compared to traditional banking systems, while ensuring capital protection and passive yield—a model that mirrors the success of Ethena Labs’ USDe.
Bybit has rolled out USDtb on its platform with the following key milestones:
Spot Trading Launch: March 4, 2025, at 8:00 AM UTC
USDtb Withdrawals Open: March 5, 2025, at 8:00 AM UTC
First 5% Airdrop Snapshot: March 6, 2025
First Reward Distribution: Before March 7, 2025, at 6:00 AM UTC
Deposits and withdrawals for USDtb are currently available via the Ethereum (ETH) network.
Exclusive 5% APR Boost for Bybit Users
To commemorate the launch, Bybit is offering an exclusive 5% Annual Percentage Rate (APR) on USDtb holdings for both new and existing users. This promotional period runs from March 6 to April 4, 2025, with no lock-up requirements, making it accessible to all Bybit traders.
Eligible users can participate with as little as 0.00005 USDtb, and rewards will be distributed in USDtb on a first-come, first-served basis, capped at 200 million USDtb tokens. After the first month, holders will continue to earn 95% of the yield on Treasury Bills, ensuring ongoing rewards even after the promotional event concludes.
Bybit’s Vision for Stablecoin Evolution
The addition of USDtb signals Bybit’s commitment to bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). Bybit’s Head of Earn & Wealth Management, Jerry Li, emphasized the significance of the listing, stating:
”By listing USDtb, Bybit is pioneering a new frontier for stablecoins—bridging traditional finance and digital assets with unprecedented transparency and institutional-grade security. 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.”
With USDtb offering a secure and yield-generating alternative to existing stablecoins, Bybit continues to push forward in the evolution of crypto finance, setting the stage for broader adoption of tokenized real-world assets in the digital economy.
This article was originally Posted on Coinpaper.com
