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Bybit has made its BYUSDT token available to eligible retail users, following an exclusive early-bird access period for VIP clients that began on 12th December 2025.
The token enables users to transform their USDT Flexible Easy Earn balances into a tradable asset that serves as trading margin whilst continuing to generate yield. BYUSDT maintains a 100 per cent collateral value ratio for margin trading through Bybit's Unified Trading Account (UTA).
The cryptocurrency exchange positions itself as the world's second-largest by trading volume. The token operates with a 1-to-1 swap rate with USDT Flexible Easy Earn, featuring no lock-up periods and no depegging risk. Minting and redemption fees have been waived for a limited period following launch.
Jerry Li, Head of Financial Products and Wealth Management, Bybit
Jerry Li, Head of Financial Products and Wealth Management, Bybit said:
"We are excited to open BYUSDT to retail traders. Now they can unlock a new level of capital efficiency and gain the freedom to earn yield while trading without compromise. We believe financial innovation like BYUSDT will inspire traders to rethink their asset deployment strategy on Bybit: this is where you could have it all,"
Users can deposit USDT into Flexible Easy Earn to generate yield, then swap these assets to BYUSDT in their UTA for use as trading margin. Rewards accumulate hourly based on effective BYUSDT holdings and are distributed daily at approximately 12:30 a.m. UTC to the user's UTA in BYUSDT.
Platform service fees may apply when swapping or redeeming BYUSDT, including during yield conversion. Manual USDT repayments in the UTA using BYUSDT and liquidation settlements convert 1-to-1 to USDT without fees.
Access to BYUSDT requires users to be eligible for Bybit Savings services, hold a UTA and have completed Identity Verification Level 1. Islamic Accounts and accounts with active institutional loans are not supported.
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