Bybit, the second-largest cryptocurrency exchange globally, has unveiled a new proprietary token, BYUSDT, aimed specifically at its VIP users. According to the official information, this launch marks a significant step in enhancing trading flexibility and yield generation for high-tier participants in the crypto market.
Introduction of BYUSDT by Bybit
On December 12, 2025, Bybit introduced BYUSDT, allowing eligible VIP users to convert their USDT Flexible Earn balances into trading margin while still earning yield. This innovative token offers a 1-to-1 claim on the USDT held in Flexible Earn, ensuring a 100% collateral value ratio for margin trading.
Empowering VIP Users
The introduction of BYUSDT is designed to empower VIP users to maintain their yield-generating positions while simultaneously engaging in trading activities. This dual functionality aims to improve liquidity and enhance returns for users.
Trading Availability and Competition
The product will be available for trading starting at 2 PM UTC on the launch date with a trading competition set to kick off on December 15, 2025.
On December 12, 2025, Coinbase announced the availability of the SUI token for New York residents, marking a significant expansion in its accessibility. This development contrasts with Bybit's recent launch of the BYUSDT token for VIP users. For more details, see read more.
