Bybit Launches USDtb Stablecoin, Bringing Institutional-Grade Stability to Users

BlockBeats News, March 6th, the cryptocurrency exchange Bybit announced the launch of USDtb. USDtb is a blockchain-based US dollar stablecoin created and managed by Ethena Labs, combining the high liquidity of a stablecoin with the security and transparency of US Treasury assets, marking a significant innovation in digital dollars. USDtb is primarily backed by the BUIDL of BlackRock products, based on cash and short-term US Treasury bonds, providing investors with stability and yield.

· Spot Trading Launch: March 4, 2025

· Withdrawals Open: March 5, 2025

· Airdrop Snapshot: March 6, 2025

To celebrate the launch of USDtb, Bybit has launched a 5% annualized yield activity with no lock-up requirement. The event will run from March 6, 2025, to April 4, 2025. Users holding USDtb will enjoy a 5% yield in the first month and then continue to receive 95% of the Treasury bond yield.