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Bybit Lists USDtb Stablecoin Backed by BlackRock Treasury Funds

Coin WorldThursday, Mar 6, 2025 8:08 am ET

1min read

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has made a significant move by becoming the first platform to list usdtb, a blockchain-based USD stablecoin created and managed by Ethena Labs. This listing marks a pivotal innovation in the evolution of digital dollars, as USDtb combines the liquidity of stablecoins with the security and transparency of institutional-grade U.S. Treasury assets.

USDtb is primarily backed by BlackRock's USD Institutional Digital Liquidity Fund Token (BUIDL), which holds 100% of its assets in cash, U.S. Treasury Bills, and other short-term U.S. government obligations. This conservative and transparent backing makes USDtb an attractive option for investors seeking both stability and yield in the digital asset ecosystem. Unlike traditional stablecoins, USDtb blends tokenized U.S. 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.

Bybit has outlined a key timeline for the listing of USDtb. The stablecoin was listed on Spot Trading on March 4, 2025, at 8 AM UTC, with withdrawals opening on March 5, 2025, at 8 AM UTC. Additionally, a 5% airdrop of USDtb was initiated with the first snapshot taken on March 6, 2025, and the first reward distribution is scheduled to occur before March 7, 2025, at 6 AM UTC. Deposits and withdrawals will be available via the ETH network.

To celebrate the listing, Bybit is offering a 5% Annual Percentage Rate (APR) on USDtb holdings for new and existing eligible users with no lock-up requirements. From March 6 to April 4, eligible Bybit users can join the 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, capped at a total of 200 million in USDtb tokens. The APR will gradually decrease

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grailly

03/06

Holding some $TSLA and $AAPL, but thinking of allocating a bit to USDtb. Diversify and all that jazz.

shakenbake6874

@grailly I got USDtb, no regrets. It's part of my diversify strategy. Love the yield and principal protection.

maximalsimplicity

@grailly How long you planning to hold TSLA and AAPL? Curious if you're thinking of a specific entry point for USDtb.

Traglc

Bybit's airdrop is neat. 5% of USDtb for users? Might just HODL and see how this plays out.

Corpulos

@Traglc How long you planning to HODL USDtb? Curious if you're thinking short-term flip or long-term stack.

BennyBiscuits_

USDtb + Bybit = game changer for yields

Anonym0us_amongus

@BennyBiscuits_ What do you think about the 5% APR offer?

roycheung0319

Bybit's move could legitimize crypto for the win

DaddyLungLegs

@roycheung0319 Do you think this boosts adoption?

CrimsonBrit

BlackRock backing is 🚀 for crypto credibility

twiggs462

@CrimsonBrit 👍

THenrich

Principal protection and stable returns? Sounds like USDtb is the safe bet in the wild world of crypto.

a_monkie

Spot trading and withdrawals opening soon. Gonna shift some funds to USDtb. Diversification never looked this appealing.

AxGGG

Traditional banks can't compete with crypto speed

Straight_Turnip7056

@AxGGG True, crypto moves faster.

ashish1512

Traditional banking systems can't compete with USDtb's speed and cost. Crypto's eating their lunch. 🤑

@ashish1512 Do you think crypto will surpass traditional banks soon?

aiolyfe

@ashish1512 True, crypto's getting faster & cheaper.

Hoshigetsu

Bybit's move is a game-changer. USDtb could be the new gold standard for stablecoins. BlackRock backing? 🤔 That's serious clout.

moneymonster420

@Hoshigetsu What do you think about the 5% APR offer?

Hamlerhead

Bybit's move is a game-changer. Institutional-grade backing is a big deal. Time to HODL and see the returns roll in.

discobr0

BlackRock teaming up with Bybit? That's some serious clout. This stablecoin thing is getting big fast. 🚀

urfaselol

5% APR? Gonna hodl USDtb for sure

NoBicDeal

@urfaselol I'm in on USDtb too. Love the 5% APR. Already doubled my stack, no FOMO here.

notbutterface

@urfaselol How long you planning to hodl USDtb? Curious if you're thinking short-term flip or long-term stack.

Sam__93__

5% APR on USDtb? Sweet deal! But gotta act fast, rewards are first-come, first-served. Not one to miss.

PunchTornado

Ethena Labs knows their stuff, imo.