On March 6, the cryptocurrency trading platform Bybit announced the launch of USDtb. USDtb is a blockchain-based US dollar stablecoin created and managed by Ethena Labs, combining the high liquidity of stablecoins with the security and transparency of US Treasury assets, marking an important innovation in digital US dollars. USDtb is primarily backed by BlackRock's BUIDL products, based on cash and short-term US Treasuries, providing investors with stability and yield.
· Spot trading launched: March 4, 2025
· Withdrawal opened: March 5, 2025
· Airdrop snapshot: March 6, 2025
To celebrate the launch of USDtb, Bybit is offering a 5% annualized yield event with no lock-up required. The event will run from March 6, 2025 to April 4, 2025, where USDtb holders can enjoy a 5% yield in the first month, and then continue to receive 95% of the Treasury yield.
