USDtb Listing

USDtb, an Ethena ecosystem stablecoin backed by Blackrock’s BUIDL, has been listed on Bybit and will be available as margin collateral within the next week.

As of March 6th, Bybit users are able to earn up to 5.00% APR, paid daily by Bybit, for simply holding or utilising USDtb anywhere on Bybit.

Bybit represents the first CeFi Exchange to support USDtb and furthers our shared goal of helping to improve users' capital efficiency. Bybit joins Copper, Komainu Custody and Zodia Custody in allowing users to earn rewards for holding USDtb.

USDtb's reserve assets are held with custodians in segregated, onchain, and public wallets Real-time transparency information is available via both the blockchain and our "Transparency page:

USDe Bybit Mint/Redeem

We’re excited to announce that Bybit users are now able to mint & redeem USDe without ever needing to leave Bybit.

Bybit users are able to use USDC & USDT to mint & redeem USDe at a fixed cost in both small and large sizes. This means users no longer need to use Bybit’s USDe/USDT or USDe/USDC spot pairs or deposit USDe using external platforms to incorporate USDe into their trading workflows.

With over $3.5bn worth of USDT & USDC on Bybit, this functionality enables users of all sizes to seamlessly move between USDe and other stablecoins at a fixed cost, helping to support deeper liquidity on the exchange.

This feature represents a first of its kind in the space and further demonstrates Bybit & Ethena’s commitment to improving users of all sizes' experiences.