According to TechFlow by Deep Tide, on June 10, stablecoin yields are entering a new era. Bybit, a cryptocurrency exchange, has become the first to offer unlimited direct minting and redemption services for USDtb through its on-chain earning platform, Bybit Earn. Bybit users can now instantly acquire USDtb without application or waiting.

USDtb is a next-generation stablecoin developed by Ethena, designed to maintain a 1:1 value with the US dollar. USDtb is collateralized by US Treasury assets—secure and yield-generating government securities that back it. This structure allows USDtb to combine the stability of traditional finance with the speed and flexibility of cryptocurrency, providing users with a secure, highly liquid, and yield-bearing asset.

With this upgrade, users can now directly deposit USDT, USDC, or USDe on Bybit to mint USDtb. The entire process is fast and straightforward, without intermediaries. When redemption is needed, USDtb can be instantly converted back to these stablecoins with no delay or hidden steps. Emily Bao, head of Bybit's spot business, stated that Bybit Earn's integration of USDtb direct minting provides users with the autonomy and liquidity required for the future of on-chain finance.

USDTB

TechFlow reports on June 10 that stablecoin yields are entering a new era. Bybit, a cryptocurrency exchange, has become the first exchange to offer unrestricted direct minting and redemption services for USDtb through its on-chain earning platform, Bybit Earn. Bybit users can now instantly acquire USDtb without application or waiting.

USDtb is a next-generation stablecoin developed by Ethena, designed to maintain a 1:1 value peg with the US dollar. USDtb is backed by US Treasury assets—these safe and yield-generating government securities provide its support. This structure allows USDtb to combine the stability of traditional finance with the speed and flexibility of cryptocurrencies, offering users a secure, highly liquid, and yield-bearing asset.

With this upgrade, users can now mint USDtb directly on Bybit by depositing USDT, USDC, or USDe. The entire process is fast and simple, requiring no intermediaries. When redemption is needed, USDtb can be instantly exchanged back to these stablecoins without delay or hidden steps.
Emily Bao, Head of Bybit Spot Trading, stated that integrating USDtb’s direct minting feature into Bybit Earn on-chain provides users with the autonomy and liquidity needed for the future of on-chain finance.

Industry First: Bybit Offers Direct Minting and Redemption Services for USDtb