DUBAI, UAE, June 10, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency change by buying and selling quantity, has launched a significant improve to its On-Chain Earn product, making it the primary change to supply direct minting and redemption of USDtb with none entry restrictions. Customers can now entry USDtb immediately — no functions, no ready.
USDtb is a next-generation stablecoin developed by Ethena, designed to keep up a 1:1 worth with the U.S. greenback. Quite than being backed by money reserves, USDtb is collateralized by U.S. Treasury property — yield-generating authorities securities. This construction permits USDtb to supply the perfect of each worlds: the steadiness of conventional finance mixed with the pace and adaptability of crypto. For customers, it supplies entry to a liquid and income-generating asset, multi functional.
With this replace, customers can now mint USDtb immediately by depositing USDT, USDC, or USDe by way of Bybit. The method is quick, easy, and requires no intermediaries. When it’s time to redeem, USDtb may be immediately swapped again into those self same stablecoins — no delays, no hidden steps.
“Stablecoin yield is coming into a brand new period,” mentioned Emily Bao, Head of Spot at Bybit. “Bybit’s integration of direct USDtb minting removes longstanding obstacles and empowers customers with the autonomy and liquidity they count on from the way forward for on-chain finance.”
Earlier than this improve, getting USDtb was restricted to identify buying and selling or restricted entry by way of Ethena. Now, with Bybit On-Chain Earn, anybody who completes Identification Verification Degree 1 and deposits a minimum of 5,000 USDT, USDC, or USDe can begin minting USDtb instantly — and robotically earn dynamic yields with out staking or lock-ups.
There aren’t any fuel charges, and the method takes only one transaction.
USDtb minting is now stay on Bybit On-Chain Earn. Full phrases and particulars can be found on the platform.
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About Bybit
Bybit is the world’s second-largest cryptocurrency change by buying and selling quantity, serving a worldwide neighborhood of over 70 million customers. Based in 2018, Bybit is redefining openness within the decentralized world by creating an easier, open and equal ecosystem for everybody. With a robust deal with Web3, Bybit companions strategically with main blockchain protocols to offer sturdy infrastructure and drive on-chain innovation. Famend for its safe custody, numerous marketplaces, intuitive consumer expertise, and superior blockchain instruments, Bybit bridges the hole between TradFi and DeFi, empowering builders, creators, and fanatics to unlock the total potential of Web3. Uncover the way forward for decentralized finance at Bybit.com.
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