DUBAI, United Arab Emirates, March 6, 2025 – Bybit, the second-largest cryptocurrency exchange in the world by trading volume, becomes the first platform to list USDtb, a blockchain-based stablecoin backed by dollars, created and managed by Ethena Labs, on its Spot market.
USDtb merges the liquidity of stablecoins with the security and transparency of institutional U.S. fixed-income financial assets, setting a new standard in the evolution of digital dollars.
This digital currency is primarily backed by BlackRock's USD Institutional Digital Liquidity Fund Token (BUIDL), which maintains 100% of its assets in cash, U.S. Treasury bonds, and other short-term government obligations, thereby providing confidence and stability to investors.
USDtb stands out for its innovative approach, combining tokenized U.S. Treasury fund products with a reserve base, offering stability, flexibility, and immediate liquidity for users. Additionally, it represents a superior alternative to traditional banking systems in terms of speed and transaction costs.
Key Events:
- USDtb Spot Trading Listing: March 4, 2025, 8AM UTC
- USDtb Withdrawals Opening: March 5, 2025, 8AM UTC
- 5% USDtb Airdrop: First snapshot on March 6, 2025
- First reward distribution: Before March 7, 2025, 6AM UTC
Deposits and withdrawals will be available via the ETH network.
To celebrate this new listing, Bybit will offer a 5% annual percentage yield (APR) on USDtb holdings for eligible users with no lock-up required. This promotion will be available from March 6 to April 4, 2025, allowing users to earn benefits with a minimum of 0.00005 USDtb.
Bybit will distribute rewards in USDtb on a first-come, first-served basis, with a total cap of 200 million tokens. Subsequently, the APR will gradually decrease, but USDtb holders will continue to generate income after the promotional period.
This advancement in the stablecoin market marks a decisive step in combining traditional finance and digital assets, with institutional security and unprecedented transparency.
At Q2BSTUDIO, experts in technology and digital solution development, we recognize the impact of innovations like USDtb on the global financial ecosystem. The adoption of advanced technological tools and integration with established markets enables improved accessibility and efficiency of digital assets. Our commitment is to continue driving cutting-edge solutions that facilitate digital transformation and strengthen the decentralized financial sector.
For more information about our technology services and development solutions, visit Q2BSTUDIO.
