Jerry

United

Reddit

Ethena

Spot

Dubai, United Arab Emirates, March 6th, 2025, Chainwire 
<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bybit.com/en/press">Bybit</a>, the world’s second-largest cryptocurrency exchange by trading volume, becomes the first platform to include <a target="_blank" rel="noopener noreferrer nofollow" href="https://announcements.bybit.com/article/bybit-to-list-usdtb-on-spot-blt9885f51a06c6d659/">USDtb</a>, a blockchain-based USD stablecoin created and managed by Ethena Labs, on its Spot exchange. 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.
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 conservative and transparent backing makes USDtb a compelling option for investors seeking both stability and yield in the digital asset ecosystem.
A New Chapter in Stablecoins
Unlike traditional stablecoins, USDtb blends tokenized U.S. Treasury fund products with a stablecoin reserve, delivering a unique combination of stability, flexibility, and instant liquidity. This next-generation stablecoin enables faster, cheaper transactions compared to traditional banking systems, while offering users stable returns with principal protection — echoing the success of Ethena Labs’ USDe.
Key Timeline
<ul>
 <li>USDtb Listing on Spot Trading: Mar 4, 2025, 8AM UTC</li>
 <li>USDtb Withdrawals Open: Mar 5, 2025, 8AM UTC</li>
 <li>USDtb 5% Airdrop: 1st Snapshot on Mar 6, 2025</li>
 <li>First Reward Distribution: Before Mar 7, 6AM UTC</li>
</ul>
Deposits and withdrawals will be available via the ETH network.&nbsp;
Exclusive 5% APR Boost for Bybit Users
To celebrate <a target="_blank" rel="noopener noreferrer nofollow" href="https://announcements.bybit.com/article/bybit-to-list-usdtb-on-spot-blt9885f51a06c6d659/">the listing</a>, 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.
<blockquote>
 "By listing USDtb, Bybit is pioneering a new frontier for stablecoins — bridging traditional finance and digital assets with unprecedented transparency and institutional-grade security," said Jerry Li, Head of Earn &amp; Wealth Management at Bybit. "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."
</blockquote>
About Bybit
<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bybit.com/en/press">Bybit </a>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<a target="_blank" rel="noopener noreferrer nofollow" href="http://bybit.com/"> Bybit.com</a>.
For more details about Bybit, please visit<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bybit.com/en/press"> Bybit Press</a>
For media inquiries, please contact: <a target="_blank" rel="noopener noreferrer nofollow" href="mailto:media@bybit.com">media@bybit.com</a>&nbsp;
For updates, please follow: <a target="_blank" rel="noopener noreferrer nofollow" href="https://www.bybit.com/en-us/promo/global/communities/">Bybit's Communities and Social Media</a>
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<h5>Contact</h5>Head of PR Tony Au Bybit tony.au@bybit.com 
Disclaimer. This is a paid press release. CoinMarketCap does not recommend that any cryptocurrency (bitcoin, ethereum, custom asset) should be bought, sold or held. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

Bybit Becomes the First Exchange to List USDtb , Bringing Institutional-Grade Stability to Crypto Traders (6 Mar)

Chainwire

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