Bybit, globally recognized as the second-largest cryptocurrency exchange by trading volume, is excited to announce it’s breaking new ground as the first platform to list USDtb on its Spot exchange. This innovative, blockchain-based USD stablecoin, created and managed by Ethena Labs, blends the easy access of stablecoins with the robust security and openness of institutional-grade U.S. Treasury assets. USDtb marks a significant step forward in how digital dollars are evolving.

What makes USDtb stand out? It’s primarily backed by BlackRock’s USD Institutional Digital Liquidity Fund Token (BUIDL), which securely holds 100% of its assets in the stability of cash, U.S. Treasury Bills, and other short-term U.S. government obligations. This dependable and transparent backing makes USDtb a particularly appealing option for investors wanting both stability and potential returns within the digital asset space.

Introducing a New Era for Stablecoins

USDtb is not just another stablecoin. Unlike traditional options, it uniquely combines tokenized U.S. Treasury fund products with a stablecoin reserve. This blend delivers a distinct advantage: stability, flexibility, and instant liquidity all in one. This next-generation stablecoin facilitates faster, more cost-effective transactions compared to traditional banking, while also providing users with stable returns and principal protection – mirroring the success seen with Ethena Labs’ USDe.

Key Timeline

• USDtb Listing on Spot Trading: Mar 4, 2025, 8AM UTC
• USDtb Withdrawals Open: Mar 5, 2025, 8AM UTC
• USDtb 5% Airdrop: 1st Snapshot on Mar 6, 2025
• First Reward Distribution: Before Mar 7, 6AM UTC

Deposits and withdrawals will be processed via the ETH network.

Unlock an Exclusive 5% APR Boost on USDtb for Bybit Users

To celebrate the listing, Bybit is excited to offer a special 5% Annual Percentage Rate (APR) on USDtb holdings for both new and existing eligible users – with absolutely no lock-up requirements! From Mar. 6 to Apr. 4, qualified Bybit users can join this exclusive event to take advantage of a limited-time 5% APR on their USDtb holdings, starting with as little as 0.00005 USDtb. Even after the first month, holders will continue to benefit from 95% of the yield generated by Treasury Bills.

Rewards will be distributed in USDtb on a first-come, first-served basis, and are capped at a total of 200 million USDtb tokens. The APR will gradually decrease once the cap is reached. However, it’s important to note that all USDtb holders on Bybit will continue to earn rewards indefinitely even after the promotional period ends.

“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 & Wealth Management at Bybit. “We are thrilled 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.”

Bybit is globally ranked as the second-largest cryptocurrency exchange in terms of trading volume, serving a community of over 60 million users around the world. Founded in 2018, Bybit is committed to making the decentralized world more open by building a simpler, more accessible, and fairer ecosystem for everyone. With a strong focus on Web3, Bybit strategically partners with leading blockchain protocols to deliver robust infrastructure and drive innovation on the blockchain. Known for its secure custody solutions, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between traditional finance (TradFi) and decentralized finance (DeFi). We empower builders, creators, and enthusiasts to unlock the full potential of Web3. Explore the future of decentralized finance at Bybit.com.