Bybit launches BYUSDT interest rate activity, exchange for up to 10% annualized return

According to reports, Bybit officially launched the BYUSDT interest rate activity on January 27, allowing the first 10,000 BYUSDT to enjoy an annualized interest rate of up to 10%.

BYUSDT is a tokenized asset of the USDT flexible savings balance on the Bybit platform, which can be converted 1:1 to USDT and directly used as margin for the Unified Trading Account (UTA), while continuously generating flexible savings income, achieving the goal of "one fish, multiple meals" for funds, maximizing the dual value of asset trading and savings.

In addition, as UTA margin, BYUSDT has a margin conversion rate of up to 100%. The USDT flexible savings balance can be quickly exchanged for BYUSDT without the need for locking, with zero decoupling risk. During the event, both minting and redeeming BYUSDT enjoy zero fees.