On March 6, 2025, Bybit became the first cryptocurrency platform to list USDtb, a stablecoin backed by U.S. Treasury bonds, from Ethena Labs, marking a new milestone in the evolution of digital currencies.
USDtb Launch on Bybit
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has become the first platform to list USDtb for Spot Trading. The launch took place on March 4, 2025, and since March 5, users can withdraw funds via the ETH network.
Features of the New Stablecoin
USDtb differentiates itself from traditional stablecoins by blending tokenized U.S. Treasury fund products with stablecoin reserves, providing stability, flexibility, and instant liquidity. The main asset backing USDtb is the USD Institutional Digital Liquidity Fund Token, holding assets in cash and U.S. Treasury bills from BlackRock.
Exclusive Offers for Bybit Users
Bybit offers a 5% annual percentage rate on USDtb holdings for all users from March 6 to April 4. The minimum amount to participate in the promotion is 0.00005 USDtb. Rewards are distributed on a first-come, first-served basis and are capped once the total limit is reached.
The introduction of USDtb on Bybit offers new opportunities for users, providing stability and flexibility through U.S. Treasury backing. It also highlights Bybit's commitment to innovation and excellence in decentralized finance.
