Dubai, Arab Emirates, March 6, 2025, Chain Wire
BYBIT, the second largest cryptocurrency exchange in the world of trading volume, USDTBBlockchain -based USD stablecoin by Ethena Labs made by Spot Exchange. USDTB combines Stablecoin’s liquidity with the security and transparency of institutional US financial assets, indicating the central innovation in the evolution of digital dollars.
The USDTB is mainly supported by BLACKROCK’s USD institutions’ digital liquidity fund tokens, and 100%of these assets have cash, US Treasury bills, and other short -term US government duties. This conservative and transparent sponsorship makes USDTB a powerful option for investors looking for both stability and yield in the digital asset ecosystem.
Stablecoins’ new chapter
Unlike traditional Starble Reconinations, the USDTB Blend provides a unique combination of US Treasury Fund products of stability, flexibility and immediate liquidity. The next -generation Starble Lecomin enables faster and cheaper transactions than traditional banking systems, while the user provides stable profits through major protection functions, reflecting the success of Ethena Labs’s USDE.
Main timeline
- USDTB listing for spot transactions: March 4, 2025 UTC
- USDTB withdrawal: March 5, 2025 UTC
- USDTB 5% Air drop: The first snapshot on March 6, 2025
- First reward distribution: March 7th at 6 am UTC
Deposits and withdrawal are provided through the ETH network.
BYBIT user’s exclusive 5% APR boost
BYBIT is provided to celebrate the list 5% annual ratio (APR) USDTB HOLDINGS for new and existing eligible users without lock requirements. at From March 6th to April 4thEligible bybit users can join the BYBIT exclusive event and start at least 0.00005 USDTB and enjoy 5% APR limited time at USDTB Holdings. The holder will continue to enjoy 95%of the return in the Treasury Book after one month.
The reward is distributed on a first -come, first -served basis on USDTB and is limited to a total of $ 200 million USDTB tokens. After reaching the cap, the APR gradually decreases. But all USDTB holders will continue to be rewarded after the promotion period.
“By listing USDTB, BYBIT is pioneering new borders of Stablecoins. Jerry Li, BYbit’s Earn & Wealth Management Officer. “We are proud to introduce this innovative asset to the user for the first time, and it is known to maintain the smooth experience of bybit bybit while expanding the options for safe savings and dynamic transaction opportunities.”
About Bybit
BYBIT is the world’s second largest cryptocurrency exchange, providing services to the global community of more than 60 million users. Founded in 2018, BYBIT is a simple, open and equal ecosystem for everyone to redefine openness in the distributed world. BYBIT Partners focuses on Web3 to provide strong infrastructure and use major blockchain protocols to provide powerful infrastructure and lead chain innovation. Bybit, famous for safe custody, various market places, intuitive user experience and advanced blockchain tools, solves the gap between Tradfi and Defi and enhances Builder, Creators and Apnusiasts to exert all the potential of Web3. Discover the future of distributed finance on bybit.com.
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