TechFlow News: On March 4, it was reported that as of March 3, the assets under management (AUM) of BYUSDT—a stablecoin product launched by Bybit—surged from $45 million to $105 million within 20 hours, reflecting strong investor interest in this low-volatility yield product.
BYUSDT is Bybit’s high-yield stablecoin wealth management product. It enables seamless USDT holdings and instant 1:1 conversion into BYUSDT, offering users a stable yield opportunity. The current annual percentage yield (APY) stands at 10%, with daily interest accrual and flexible redemption. Additionally, BYUSDT can be used as margin for Bybit’s Unified Trading Account (UTA).
The current promotion remains ongoing, with daily rewards available on a first-come, first-served basis while supplies last.
