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The BYUSDT token, which was exclusively launched for VIP users, is now available to all Bybit retail users. BYUSDT is a first-of-its-kind asset on the Bybit platform. It represents the tokenized form of your Tether (USDT) Flexible Easy Earn balance, and can simultaneously be used as margin for leveraged trading opportunities on the Bybit platform. By utilizing BYUSDT, you can keep earning yield from your Flexible Easy Earn investment while you trade using the same funds, backed on a 1:1 basis, to meet margin requirements for your UTA trades.
BYUSDT takes capital efficiency and asset utilization to a new level by allowing you to reuse the same funds for two distinct, value-added services on Bybit — namely, the guaranteed, low-risk returns of Easy Earn and the profit opportunities of margin trading.
In this article, we’ll cover everything related to this novel product, from its functional mechanism and use cases to user eligibility and key benefits, as well as special campaigns.
Key Takeaways:
BYUSDT is a first-of-its-kind Bybit product that lets you use the balance of your USDT Flexible Easy Earn savings plan as margin for leveraged trading on the platform.
BYUSDT optimizes capital efficiency and utilization, allowing you to earn yield from Easy Earn while simultaneously using the same funds in margin trading.
The unique BYUSDT product is available to all Bybit retail users with verified identities.