Bybit's BYUSDT Combines Margin Trading with Yield Generation

The Bybit platform has expanded its offerings by introducing BYUSDT, a unique asset that combines margin trading and yield generation. This tokenized version of USDT Flexible Easy Earn balance allows users to earn interest while using the same funds as collateral for leveraged trades.

BYUSDT represents a user's USDT balance in a Bybit Flexible Easy Earn savings plan, which can be swapped 1:1 on the platform. The asset earns the same base APR as the applicable USDT Flexible Easy Earn plan, with up to 10% APR available for the first 100,000 BYUSDT.

Users can utilize BYUSDT as margin for eligible trading products, including Perpetuals and Futures, without manual setup. The asset also supports transfers to MT5 CFD Accounts for TradFi CFD trading, where it continues to generate yield while profits and losses are settled in USDT.