Bybit launches USDtb stablecoin, bringing institutional level stability to users

According to BlockBeats, on March 6th, the cryptocurrency trading platform Bybit announced the launch of USDtb. USDtb is a blockchain US dollar stable currency created and managed by Ethena Labs. It combines the high liquidity of the stable currency with the security and transparency of US treasury bond assets, marking an important innovation of digital dollars. USDtb is mainly supported by the BUIDL of BlackRock products, and is based on cash and short-term US treasury bond bonds to provide stability and yield for investors· Spot trading launch: March 4, 2025 · Withdrawal opening: March 5, 2025 · Airdrop snapshot: March 6, 2025 To celebrate the launch of USDtb, Bybit has launched a 5% annualized earnings promotion, eliminating the need for hedging. The event will be held from March 6 to April 4, 2025. Users holding USDtb will enjoy a 5% yield in the first month, and then continue to enjoy a 95% yield on treasury bond.