Bybit Introduces BYUSDT, Allowing Easy Earn Assets to Function as Trading Margin While Retaining Yield
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has launched BYUSDT, a proprietary token developed entirely in-house by Bybit and available exclusively to VIP users, allowing eligible participants to convert USDT Flexible Easy Earn balances into trading margin while continuing to earn yield. BYUSDT represents a 1-to-1 claim on users’ USDT held in Flexible Easy Earn and carries a 100 percent collateral value ratio for margin trading within Bybit’s Unified