Bybit has introduced a new stablecoin, USDtb, which operates on a blockchain basis and offers innovative solutions for the digital asset market.
Features of USDtb
USDtb is a new category of stablecoin that combines U.S. Treasury products with stablecoin features. Its backing mechanism consists of assets like cash, U.S. Treasury Bills, and short-term government obligations, making it an attractive choice for investors seeking stability and returns.
Key Events and Benefits
— USDtb Listing on Spot Trading: March 4, 2025, 8:00 AM UTC — USDtb Withdrawals available from March 5, 2025, 8:00 AM UTC — USDtb 5% Airdrop: March 6, 2025 — First Reward Distribution: Before March 7, 2025, 6:00 AM UTC
Users can make deposits and withdrawals through the Ethereum (ETH) blockchain network. USDtb comes with a 5% APR for participants holding at least 0.00005 USDtb from March 6 to April 4.
Bybit's Role in the Crypto Industry
Bybit, the second-largest cryptocurrency exchange globally, initiated its operations in 2018 with a mission to create an open financial system. Bybit bridges TradFi with DeFi by providing users with diverse market options and dynamic trading opportunities.
Bybit's new stablecoin USDtb offers users innovative solutions by combining the best features of traditional and digital assets, significantly expanding their opportunities in the crypto industry.
