In this tutorial, we’ll explore how you can complete a series of tasks in Mu Digital for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Mu Digital for the 

in the upper-right corner of the page to connect your preferred wallet (such as the Bybit Wallet). 

: You can proceed to mint muBOND with MON or USDC.

: Obtain at least one egg from the Mu Digital Easter Egg Hunt event. 

Beginner

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How to complete Mu Digital tasks for the Bybit x Monad ecosystem airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in Cycle Network for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on Cycle Network for the 

You’ll be interacting with Goose, a gamified DeFAI platform designed to make crypto investing more accessible and engaging. Built on Cycle Network’s powerful infrastructure, Golden Goose offers a seamless user experience, while Cycle Network handles the complex cross-chain processes behind the scenes.

 button at the upper-right corner of the page. 

: You can log in with your TikTok account or your wallet (such as your Bybit Wallet). 

If you choose to continue with TikTok, simply authorize TikTok to complete your registration.

If you choose to register with your wallet, simply connect your preferred web3 wallet to proceed.

: After you’ve completed your required tasks, navigate to the 

button in the upper-right corner of the page to connect your Bybit Wallet. Please 

 that this should be the same wallet you’ve used for this event.

: Once your wallet is connected, click on 

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How to complete Cycle Network tasks for the Bybit x Monad ecosystem Airdrop

In this tutorial, we’ll explore how you can complete a series of tasks in ChainPro for the Bybit x Monad ecosystem airdrop.

In this tutorial, we’ll explore how you can complete a series of tasks on ChainPro for the 

Task: Complete quests on ChainPro with your Bybit Wallet

 button at the top right corner of the page. 

: Sign in with your Bybit Wallet. If you don’t have a referral code, you can skip this step, but you can always add it later for boosted points.

: Once you’ve signed in, you’ll need to fund your ChainPro trading wallet. If you already have funds in your Bybit Wallet, you can click on the 

tab to fund your account from that wallet. Otherwise, click on 

tab to view available tasks to earn points. Once you’ve completed the tasks, you’ll be able to claim points.

: Bybit Wallet users get an exclusive 2x multiplier on their points!

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How to complete ChainPro tasks for the Bybit x Monad ecosystem airdrop

Quantoz Payments launches MiCA-compliant stablecoins—USDQ, EURQ and EURD—offering regulated digital payments and DeFi solutions within the EEA.

 have received widespread recognition and use in the crypto world, thanks to their ability to provide stability and certainty in an otherwise volatile trading environment. Assets like 

 have become the go-to tools for fiat-to-crypto and crypto-to-fiat transactions. However, for about a decade, stablecoin cryptocurrencies operated without defined regulation and oversight in the European market — which, incidentally, has always been characterized by high levels of regulatory control.

The first crypto-focused regulatory steps in the European Union (EU) were taken in 2023 when the European Parliament adopted the Markets in Crypto-Assets (MiCA) regulation. MiCA aims to provide guidance on the adoption of blockchain-based assets in the EU, and also deals with the specific topic of stablecoins. The regulation came into effect in December 2024.

Under MiCA, stablecoins and similar assets are largely defined under two categories — electronic money tokens (EMTs) and asset-referenced tokens (ARTs). One of the first companies to leverage MiCA to offer regulated stablecoin assets in the European market is the Netherlands-based Quantoz Payments, a provider of regulated, fiat-backed EMT assets — USDQ, EURQ and EURD. Backed by the euro or the US dollar, these stablecoins can facilitate payments, merchant adoption and 

 (DeFi) use cases in a compliant fashion within the EU and the European Economic Area (EEA) countries, which are the jurisdictions covered by MiCA.

 is a Netherlands-based fintech company that issues and supports the use of fiat-backed stablecoins, known as EMTs, under the MiCA regulation. 

MiCA — which was adopted by the European Parliament in May 2023 and came into effect in December 2024 — defines the regulation of blockchain-based assets and technology in the European Economic Area (EEA). Quantoz Payments is a subsidiary of Quantoz N.V., a software development company based in Utrecht, the Netherlands. Established in 2015, Quantoz N.V. identified the potential for regulated stablecoins in the European market well before the introduction of MiCA, and launched Quantoz Payments in 2021.

Quantoz Payments received an Electronic Money Institution (EMI) license from 

 (DNB), the Dutch central bank, which allows the company to offer services in the area of digital assets payment and management. The company specializes in offering stablecoins backed by established fiat currencies — the euro and the US dollar. 

Quantoz Payments maintains fiat reserves for its stablecoins via an independently managed entity, Stichting Quantoz. The independent nature of Stichting Quantoz ensures that the fiat reserves of the company’s stablecoins are adequately protected, and satisfy the necessary regulatory requirements.

Stablecoins offered by Quantoz Payments fall under MiCA’s definition of EMTs. In the section below, we’ll cover the precise differences between the two stablecoin types defined by MiCA, and why the assets offered by the company are classified as EMTs.

Quantoz Payments is one of the first and major providers of regulated EMTs within the EEA, which includes the EU’s 27 member states plus Iceland, Liechtenstein and Norway.

The Quantoz Payments project is funded by a group of investors that includes the London-based VC firm Fabric Ventures LLP, one of the leading 

 (CEX) platforms; Kraken; and Tether, the company behind USDT, the world’s most widely used stablecoin. As of early 2025, Quantoz Payments offers two euro-backed EMTs (EURQ and EURD) and one US dollar–backed EMT (USDQ).

Stablecoins, electronic money tokens (EMTs) and asset-referenced tokens (ARTs)

Stablecoins — crypto assets pegged to a major, established digital or fiat asset — have been part of the crypto trading scene for more than a decade. Many stablecoins are pegged to the US dollar, either by maintaining sufficient reserves of the greenback or by using some algorithmic mechanism that should, at least in theory, ensure their tight peg to the USD. For instance, the world’s top two stablecoins by trading volume, USDT and USDC, are both pegged to the dollar by holding fully backed reserves of it. Other stablecoins might maintain a peg to the euro, British pound sterling or some other popular fiat currency. You may also find stablecoins pegged to popular precious metals, such as gold or silver.

However, when the MiCA regulation was adopted in 2023, the specific term "stablecoin" wasn't featured in it to refer to a regulated asset. Instead, MiCA defines two types of assets usually referred to as stablecoins: EMTs and ARTs.

Under MiCA, an electronic money token (EMT) is a crypto asset that’s pegged to a single fiat currency. In contrast, an asset-referenced token (ART) is an asset that maintains a peg to multiple currencies. As such, the term stablecoin has no legal meaning under the EU’s primary crypto regulation; it’s now all about EMTs and ARTs.

MiCA also specifies a third category of crypto assets besides EMTs and ARTs: "other crypto assets." This category is essentially a catch-all for cryptocurrencies that don't track the price of a single asset or multiple assets — i.e., any non-stablecoin crypto.

All three cryptocurrencies offered by Quantoz Payments — EURQ, USDQ and EURD — fall under the definition of EMT. Notably, the stablecoins offered by Quantoz Payments qualify for EMT status since the company is registered in the EU as an authorized EMI. This means that the coins are recognized within the EEA as compliant assets. The recognition creates opportunities for using USDQ, EURQ and EURD in payment solutions, DeFi applications and other use cases within the EEA. As such, these assets can be used by traditional finance and retail entities in the region for their crypto-based operations.

In contrast, stablecoin assets provided by issuers who haven’t obtained an EU-based EMI license don’t typically enjoy the same status. In other words, while these assets might technically fall under the definition of an EMT or ART, they aren’t recognized in the EEA as fully compliant. This is the case, for example, with Tether’s USDT. Technically speaking, USDT satisfies the characteristics of an EMT. However, since Tether hasn’t obtained an EMI license anywhere in the EEA area, its USDT stablecoin isn’t recognized as an EMT under MiCA.

USDQ is a Quantoz-issued EMT backed by US dollar reserves. It maintains a tight 1:1 peg to the dollar. Quantoz holds 102% US dollar reserves for USDQ in order to comply with regulatory requirements and ensure rate stability. An 

 (ETH) in November 2024, just a month before the MiCA regulation fully became effective throughout the EEA.

USDQ has numerous use cases, including the following:

USDQ is listed on a limited number of exchanges. It’s 

, via the USDQ/USDT and BTC/USDQ swap pairs, for Bybit users in the Netherlands. For these users, USDQ is a great alternative to USDT since it allows them to conduct stablecoin-based crypto operations that are fully compliant with European laws.

EURQ is a euro-backed EMT offered by Quantoz Payments. It was launched on the Ethereum 

 alongside USDQ. The token’s use cases and operational mechanism are nearly identical to those of USDQ. The only exception is that EURQ is pegged to and backed by the euro fiat currency, instead of the US dollar.

EURD is another euro-backed EMT issued by Quantoz Payments. It was actually the first stablecoin asset launched by the company, back in October 2023. While EURQ and USDQ are Ethereum-based tokens, EURD is issued on the 

To obtain EURD, users need to send a fiat deposit to the Quantoz Foundation’s bank account. The foundation then notifies Quantoz Payments, and the company issues the requisite amount of EURD and sends it to the user's 

. Companies can create these wallets via the 

, available on the Google Play Store and Apple Store.

The EU's MiCA compliance and regulatory oversight rules have drastically changed European digital asset markets, including the niche of stablecoins. Sensing the opportunity, Quantoz Payments quickly identified the potential of compliant EMTs in Europe. In the space of slightly more than a year, between late 2023 and late 2024, the company launched all three of its EMT assets — USDQ, EURQ and EURD. Organizations in the region can now use these tokens to conduct their crypto-based transactions in a compliant way while also ensuring the financial stability of their funds and transfers.

Intermediate

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Quantoz Payments: Introducing MiCA-compliant stablecoins USDQ, EURQ and EURD

Bybit Learn

Bybit Guide

In this guide, we'll dive into how to trade crypto with the Bybit app, a convenient and feature-rich platform. Explore spot and derivatives trading for beginners on the Bybit app.

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Welcome to our step-by-step guide on trading using the Bybit app. In this article, we’ll walk you through everything you need to know — from downloading the app and setting up your account to executing spot, margin and derivatives trades. Bybit is a leading cryptocurrency exchange that offers a fully localized and user-friendly mobile experience, making it easy for both beginning and seasoned traders to manage their investments seamlessly.

First, download the Bybit app from the App Store (iOS) or Google Play (Android). Once you’ve installed the app, open it and select your preferred language.

 and register using your email address or phone number. Complete the verification process by submitting your mainland Chinese ID or passport as required. This step is crucial to ensure your account is secure, and to unlock higher withdrawal limits.

After verifying your identity, head over to the 

 tab to fund your account. You can directly deposit cryptocurrencies like BTC or USDT. Our 

 (UTA) streamlines fund management, allowing you to trade seamlessly across different markets without the hassle of multiple wallets.

Spot trading with Bybit lets you buy or sell cryptocurrencies at current market prices with immediate settlement.

To begin, log in to the app and tap on the 

Choose your desired trading pair, such as BTC/USDC or ETH/USDT, from the list.

 lets you specify a price at which you want to buy or sell. 

Enter the amount you wish to trade, review the details and confirm your order.

Once your order is executed, monitor its status in the 

Bybit has an intuitive interface that displays real-time updates, so you can track your trades anytime with ease. 

How to execute a spot margin trade with the Bybit app

For traders looking to leverage their positions, Bybit offers a spot margin trading feature that allows you to borrow funds to increase your buying power. Start by logging into your account and tapping on 

Choose a trading pair, such as ETH/USDC, which supports margin trading with leverage options of up to 10x. 

Once your trading pair is selected, you’ll need to select the margin amount (e.g., 

 at which you want your limit order to execute.

You’ll also see several other important metrics, such as 

Enter the amount you wish to trade, and then carefully review all of the details.

After confirming your order, your margin trade will be executed. You can track your position in the 

 tab, where you can also set up stop-loss or take-profit orders to manage risk. 

How to trade derivatives with the Bybit app

Bybit also offers derivatives trading, which allows you to speculate on the price movements of cryptocurrencies without actually owning the underlying assets. Derivatives include Futures and Perpetual contracts, which can be traded with leverage, sometimes up to 100x.

To start, log in to your account and tap on 

Set your desired leverage (e.g., 50x) and choose between 

 margin modes, based on your risk preference.

 (if using limit or conditional orders) and 

Once you’re satisfied with your parameters, confirm your order and your position will appear in the 

Trading with the Bybit app offers numerous advantages that make managing digital assets both efficient and secure. The platform’s user-friendly design, high-speed execution and comprehensive risk management tools cater to traders of all levels. Our Unified Trading Account (UTA) streamlines fund management by consolidating assets for spot, margin and derivatives trading under one account, which reduces operational complexity and enhances overall efficiency. This streamlined approach lets you focus on strategy rather than logistics.

Additionally, Bybit’s state-of-the-art security measures — such as multi-factor authentication, regular independent audits and cold storage of assets — ensure that your transactions are conducted safely and transparently. With an interface designed to minimize distractions and provide real-time data, you can quickly monitor market movements and adjust positions. 

Our commitment to a secure and reliable trading experience is evident in our continuous improvements and proactive customer support. These features empower you to make informed trading decisions, fostering confidence in your ability to navigate the dynamic crypto market.

Bybit delivers a secure, robust and intuitive mobile platform that simplifies cryptocurrency trading for everyone. In this guide, we’ve explored how to set up an account, fund it and execute various types of trades — spot, margin and derivatives — using a fully localized and user-friendly interface. Our Unified Trading Account and comprehensive risk management tools ensure a smooth trading experience so you can focus on growing your investments.

Looking ahead, Bybit remains dedicated to innovation and excellence in the crypto industry. We continually refine our platform, based on user feedback and market trends, ensuring that you have access to the latest tools and features. Our commitment to transparency and security underpins everything we do as we build trust and empower traders. 

How to trade with the Bybit app

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards