Bybit Introduces USD1 on Spot Trading Platform.

Bybit announces the launch of $USD1 on its spot trading platform, with deposit opening on July 8, 2025 at 18:00, and USD1/USDT and MNT/USD1 going live on July 9 at 18:00 and 20:00 respectively. Withdrawals for $USD1 will be available starting July 10 at 18:00.

Bybit, a leading cryptocurrency exchange, has announced the upcoming launch of USD1 on its spot trading platform. This move is part of a broader strategy to expand its offerings and cater to a diverse range of investors. The deposit for USD1 will open on July 8, 2025, at 18:00 UTC, with USD1/USDT and MNT/USD1 going live on July 9 at 18:00 and 20:00 UTC, respectively. Withdrawals for USD1 will be available starting July 10, 2025, at 18:00 UTC [1].

In addition to USD1, Bybit has also been collaborating with xStocks to introduce tokenized stock trading. This initiative allows users to trade US equities via blockchain technology, powered by the Solana (SOL) network. The collaboration will offer ten tokenized stock pairs, each paired with USDT, starting from July 1, 2025. These assets will be available for deposits and withdrawals using Solana, ensuring fast and cost-efficient transactions [1].

The launch schedule for Bybit tokenized stocks is as follows:
- July 1: CRCLX (Circle), APPLX (Apple)
- July 2: HOODX (Robinhood), METAX (Meta/Facebook)
- July 3: GOOGLX (Google/Alphabet), AMZNX (Amazon)
- July 7: TSLAX (Tesla), MCDX (McDonald’s)

All ten tokens are issued and backed by xStocks, a blockchain platform developed by Backed Finance. These tokenized assets represent actual shares of the companies they mirror, enabling users worldwide to gain fractional and continuous exposure to top-tier US stocks [1].

Bybit’s initiative highlights a growing trend toward financial integration between traditional markets and decentralized platforms. Tokenized stocks simplify global access to equities, removing common barriers such as geography, high entry costs, and limited trading hours. Solana’s integration enables smoother token operations, while Spot Grid Bots enhance trading efficiency, providing users with added control over their positions [1].

The introduction of USD1 and tokenized stocks reflects Bybit’s commitment to offering innovative financial products. Market participants are increasingly showing interest in hybrid financial products, and Bybit’s partnership with xStocks is a significant step in this direction. This product expansion enhances Bybit’s appeal to users seeking diversification opportunities beyond traditional crypto assets [1].

References:
[1] https://www.analyticsinsight.net/news/bybit-to-launch-coinbase-google-amazon-stocks-as-crypto-tokens