KEY TAKEAWAYS
- Bybit will list USDtb, a new USD stablecoin, on its Spot trading platform, marking the first listing of this token.
- USDtb is backed by institutional-grade tokenized U.S. Treasury fund products and a stablecoin reserve to ensure price stability.
- The stablecoin offers instant liquidity with 24/7 minting and redemption, aiming for lower volatility compared to other cryptocurrencies.
Bybit has announced the upcoming listing of USDtb, a new blockchain-based USD stablecoin, on its Spot trading platform. The platform will be the first to list this token, with deposits opening on March 3, 2025, at 10 AM UTC. The listing on the Spot Trading platform is set for March 4, 2025, at 8 AM UTC, and withdrawals will be available starting March 5, 2025, at 8 AM UTC. All transactions will be conducted via the Ethereum (ETH) network.
USDtb is designed to offer faster and cheaper spending compared to traditional fiat banking systems. It is fully backed by institutional-grade tokenized U.S. Treasury fund products, alongside a stablecoin reserve, to ensure price stability. Initially, USDtb will be supported by BlackRock’s USD Institutional Digital Liquidity Fund Token, known as BUIDL.
Features of USDtb Stablecoin
USDtb aims to provide price stability through its backing by U.S. Treasury products. It offers instant liquidity with 24/7 minting and redemption, and it is designed to have lower volatility compared to other cryptocurrencies and corporate bonds.
For those interested in increasing their USDT holdings, options include buying USDT through One-Click Buy, making a fiat deposit, purchasing USDT via peer-to-peer (P2P) transactions, or depositing USDT directly into a wallet.
For more details, the full announcement can be found here.
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