Latest news with #EmilyBao
Cision Canada
2 days ago
- Business
- Cision Canada
Bybit Becomes First Exchange to Offer Direct Access to USDtb Minting and Redemption
DUBAI, UAE, June 10, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, has introduced a major upgrade to its On-Chain Earn product, making it the first exchange to offer direct minting and redemption of USDtb without any access restrictions. Users can now access USDtb instantly — no applications, no waiting. USDtb is a next-generation stablecoin developed by Ethena, designed to maintain a 1:1 value with the U.S. dollar. Rather than being backed by cash reserves, USDtb is collateralized by U.S. Treasury assets — yield-generating government securities. This structure enables USDtb to offer the best of both worlds: the stability of traditional finance combined with the speed and flexibility of crypto. For users, it provides access to a liquid and income-generating asset, all in one. With this update, users can now mint USDtb directly by depositing USDT, USDC, or USDe through Bybit. The process is fast, simple, and requires no intermediaries. When it's time to redeem, USDtb can be instantly swapped back into those same stablecoins — no delays, no hidden steps. "Stablecoin yield is entering a new era," said Emily Bao, Head of Spot at Bybit. "Bybit's integration of direct USDtb minting removes longstanding barriers and empowers users with the autonomy and liquidity they expect from the future of on-chain finance." Before this upgrade, getting USDtb was limited to spot trading or restricted access through Ethena. Now, with Bybit On-Chain Earn, anyone who completes Identity Verification Level 1 and deposits at least 5,000 USDT, USDC, or USDe can start minting USDtb right away — and automatically earn dynamic yields without staking or lock-ups. There are no gas fees, and the process takes just one transaction. USDtb minting is now live on Bybit On-Chain Earn. Full terms and details are available on the platform. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Cision Canada
09-05-2025
- Business
- Cision Canada
Bybit Unifies Loan Products to Enhance Capital Efficiency for Crypto Traders
DUBAI, UAE, May 9, 2025 /CNW/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is enhancing the user experience and capital efficiency of its lending products by integrating Crypto Loans (flexible loans) and Fixed Rate Loans into a single, streamlined interface. The integration introduces a unified platform for both loan types, enabling users to compare, manage, and optimize their borrowing strategies with greater ease. All loan products are now accessible under the Crypto Loans page, with a redesigned layout that prioritizes usability and transparency. "Our goal is to simplify how users interact with our lending products while enhancing their capital flexibility," said Emily Bao, Head of Spot at Bybit."By consolidating management tools and aligning risk models, we're giving our users more control and clarity over their borrowing activity." Key upgrades include: Unified Cross Margin Model: Both flexible and fixed-term loans will now operate under a shared cross-margin system, allowing users to benefit from consolidated Loan-to-Value (LTV) ratios — set at 80% (initial), 85% (margin call), and 92% (liquidation). Shared Collateral: Collateral can now be used interchangeably across both loan types, enabling more agile capital deployment. Tiered Collateral Ratios: All supported assets will follow a tiered collateral system, reflecting each asset's risk profile — consistent with the structure previously applied to Fixed Rate Loans. Updated Interest Calculation: Interest will be calculated hourly using a compounding method: total debt (principal + accrued interest) multiplied by the hourly interest rate. Existing loan orders will remain unaffected, continuing under their original terms and conditions. For users seeking further information, detailed guides on both Fixed Rate Loans and Crypto Loans are available via the Bybit Help Center. This strategic move reaffirms Bybit's commitment to innovation and user empowerment in the evolving digital asset economy. #Bybit / #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at
Associated Press
17-03-2025
- Business
- Associated Press
Bybit Introduces Margin Staked SOL, Balancing Earning Potentials with the Power of Leverage
DUBAI, United Arab Emirates, March 17, 2025 (GLOBE NEWSWIRE) -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is thrilled to announce the launch of Margin Staked SOL, an innovative product designed to help users optimize their SOL earnings through leveraged borrowing and staking. With the ability to leverage up to a healthy level of 2x, users can now tap into the demonstrable yield potential of bbSOL, potentially unlocking greater earning opportunities. As of Mar. 17, 2025, the net APR of Bybit Margin Staked SOL on Bybit stood at over 13%. Bybit's Margin Staked SOL redefines earning opportunities on SOL. With the potential to grow SOL holdings by leveraged borrowing and staking, Bybit users stand to significantly enhance on-chain rewards through bbSOL. The platform is designed for a hassle-free experience, allowing for easy borrowing, staking, and earning all in one place. This streamlined approach eliminates the complexities often associated with managing multiple accounts or services. Additionally, users are afforded the flexibility to redeem bbSOL for SOL at any time in two ways—they may opt for Instant Redemption where users can receive their SOL immediately with no gas fee, or for Postponed Redemption for a better exchange rate compared to instant redemption without the gas fee waiver. Both redemption mechanisms ensure user control over their assets and allow them to adapt their strategies as needed. How Bybit's Margin Staked SOL Works: Staking SOL: Users may stake SOL into Margin Staked SOL, enabling the system to automatically borrow funds based on the selected leverage. Earning bbSOL: In return for staking, users will receive bbSOL, Bybit's Liquid Staking Token, as proof of the staked SOL. Yield Accrual: Users may lock in to grow their bbSOL through optimal rewards allocation managed by Sanctum's smart contract. Flexible Redemption: bbSOL can be freely redeemed for SOL with any remaining SOL credited to users' Funding Account after the borrowed amount and borrowed interests are repaid. 'Our mission is to empower users to help them make the most of their staked assets with innovative solutions,' said Emily Bao, Head of Spot and Web3 at Bybit. 'With Margin Staked SOL, we provide a straightforward way for users to leverage their digital assets and take full advantage of the opportunities within decentralized finance.' For a detailed guide on how Margin Staked SOL works on Bybit, users may read the Introduction to Margin Staked SOL to get started. #Bybit #TheCryptoArk About Bybit Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Contact Head of PR Tony Au Bybit
