Bybit has become the first crypto exchange to list USDtb, a stablecoin backed by the U.S. Treasury, bringing institutional-grade security to digital assets. The launch highlights the growing convergence of traditional finance and crypto.
Lists USDtb, a Treasury-Backed Stablecoin
Bybit, one of the worldโs largest cryptocurrency exchanges, has announced the listing of USDtb, a blockchain-based stablecoin developed by Ethena Labs, an Ethereum-based DeFi protocol.
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The listing, announced Thursday, reflects a broader shift in the crypto market toward institutional-grade products that bridge traditional finance and digital assets.
โUSDtb combines the liquidity of stablecoins with the security and transparency of institutional-grade U.S. Treasury assets, marking a pivotal innovation in the evolution of digital dollars,โ the announcement states.
USDtb: Stability Backed by U.S. Treasuries
Unlike traditional fiat-backed stablecoins, USDtb is backed by institutional-grade assets, primarily BlackRockโs USD Institutional Digital Liquidity Fund (BUIDL).
This fund exclusively holds short-duration U.S. Treasury assets, including cash, Treasury Bills, and other government obligations.
Such structure offers both stability and liquidity, giving investors exposure to secure, yield-generating assets while maintaining the flexibility of digital currencies.
โBy listing USDtb, Bybit is pioneering a new frontier for stablecoins โ bringing institutional-grade transparency and security to the digital asset space,โ said Jerry Li, Head of Earn & Wealth Management at Bybit.
A Step Toward Regulatory Clarity in Crypto
The launch of USDtb highlights a growing trend of incorporating institutional-grade financial products into the crypto ecosystem.
By being backed by U.S. Treasuries, it provides a level of transparency and security that could attract investors looking for stability in an often volatile market.
However, its regulatory status remains uncertain, as digital assets continue to evolve under shifting regulatory frameworks.
Bybit’s Special Offer for USDtb Holders
To mark the listing, Bybit is offering a limited-time promotion, providing a 5% annual percentage rate (APR) on USDtb holdings for eligible users.
This initiative runs until April 4, 2025, allowing users to earn rewards with no lock-up requirements.
Why This Matters
Bybitโs move signals a shift toward more institution-friendly digital assets. As the stablecoin sector evolves, USDtbโs success could set a precedent for further integration between crypto and traditional finance.
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