The Good Tech Companies - Bybit Becomes The First Exchange To List USDtb , Bringing Institutional-Grade Stability To Crypto

Episode Date: March 6, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/bybit-becomes-the-first-exchange-to-list-usdtb-bringing-institutional-grade-stability-to-crypto. USDtb combines the liquidity of stablecoins with the security and transparency of institutional-grade U.S. Treasury assets, marking a pivotal innovation in the Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #bybit, #chainwire, #press-release, #bybit-announcement, #bybit-hack, #blockchain-development, #good-company, and more. This story was written by: @chainwire. Learn more about this writer by checking @chainwire's about page, and for more stories, please visit hackernoon.com. Bybit becomes the first platform to include USDtb, a blockchain-based USD stablecoin, on its Spot exchange. Bybit is offering 5% Annual Percentage Rate (APR) for new and existing eligible users with no lock-up requirements.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. Bybit becomes the first exchange to list USDTB, bringing institutional grade stability to crypto, by Chainwire. Dubai, United Arab Emirates, March 6, 2025, Chainwire, Bybit, the world's second largest cryptocurrency exchange by trading volume, becomes the first platform to include USDTB, a blockchain-based USD stablecoin created and managed by Athena Labs, on its spot exchange. USDTB combines the liquidity of stablecoins with the security and transparency of institutional-grade US treasury assets, marking a pivotal innovation in the evolution of digital dollars. USDTB is backed primarily by BlackRock's USD Institutional Digital Liquidity Fund token, BUIDL, which holds 100% of its assets in cash,

US Treasury bills, and other short-term US government obligations. This conservative and transparent backing makes USDTB a compelling option for investors seeking both stability and yield in the digital asset ecosystem. A new chapter in stable coins unlike traditional stablecoins, USDTB blends tokenized US treasury fund products with a stablecoin reserve, delivering a unique combination of stability, flexibility, and instant liquidity. This next-generation stablecoin enables faster, cheaper transactions compared to traditional banking systems, while offering users stable returns with principal protection, echoing the success of Athena Labs' USDE. Key Timeline USDTB Listing on Spot Trading

March 4, 2025, 8 a.m. UTC USDTB Withdrawals Open March 5, 2025, 8 a.m. Coordinated universal time. USDTB 5% airdrop. First snapshot on March 6, 2025. First reward distribution. Before March 7, 6 a.m. Coordinated universal time deposits and withdrawals will be available via the ED network. Exclusive 5% APR boost for Bybit USER-STO celebrate the listing. Bybit is offering 5% annual percentage rate.

APR on USDTB holdings for new and existing eligible users with no lockup requirements. From March 6 to April 4, eligible Bybit users may join the Bybit exclusive event to enjoy the limited-time 5% APR on USDTB holdings, starting at a minimum of 0.00005 USDTB. Holders will continue to enjoy 95% of the yield on treasury bills after the first month. Rewards will be distributed in USDTB on a first-come, first-served basis, and capped at a total of $200 million in USDTB on a first-come, first-served basis, and capped at a total of 200 million in USDTB tokens. The APR will be gradually decreasing after the cap is reached. However, all USDTB holders on Bybit will continue to earn rewards indefinitely after the promotional period ends.

Greater than, by listing USDTB, Bybit is pioneering a new frontier for stablecoins, greater than bridging traditional finance and digital assets with unprecedented greater than transparency and institutional-grade security," said Jerry Lee, head of earn and greater than wealth management at Bybit. Greater than. We are proud to be the first to introduce this innovative asset to our users. Greater than expanding their options for both secure savings and dynamic trading greater than opportunities, all while maintaining the seamless experience Bybit is known greater than four. About BYBIT Bybit is the world's second largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users.

Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com

For more details about Bybit, please visit Bybitpress for media inquiries, please contact media at Bybit.com for updates, please follow bybid's communities and social media discord, facebook, instagram, linkedin, reddit, telegram, tiktok, x, youtube contact head of prtonyobibidini.o at bybid.com. Tip This story was distributed as a release by Chainwire under Hacker Noon's Business Blogging Program. Learn more about the program here. Thank you for listening to this Hacker Noon's Business Blogging Program. Learn more about the program here. Thank you for listening to this Hacker Noon story, read by Artificial Intelligence.

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