Odaily Planet Daily News Cryptocurrency exchange Bybit's chain earning currency (Bybit Earn) has become the first exchange to provide unlimited direct minting and redemption services for USDtb. Bybit users can now get USDtb instantly without applying or waiting.
USDtb is a new generation of stablecoins developed by Ethena, designed to maintain a 1:1 value with the US dollar. USDtb uses US Treasury assets as collateral-these safe and profitable government securities provide it with support. With this upgrade, users can now deposit USDT, USDC or USDe directly through Bybit to mint USDtb. The whole process is fast and simple, without the need for intermediaries. When redemption is required, USDtb can be instantly exchanged back to these stablecoins without delays or hidden steps.
Emily Bao, head of Bybit's spot business, said that Bybit's chain earning currency integrates USDtb's direct minting function, providing users with the autonomy and liquidity needed for the future of on-chain finance.