Leverage USDC across Bybit Spot, Derivatives, Options and DeFi integrations to balance risk, access liquidity and capitalize on passive income strategies.

 reflects the importance of these versatile assets in crypto investment, as they provide investors with a reliable option to counteract market volatility while maintaining liquidity. This guide focuses on USDC, one of the most trusted stablecoins, and describes how Bybit’s ecosystem enables investors to use USDC to expand their wealth through diverse products. From purchasing USDC using multiple methods to checking out innovative investment opportunities, this article details step-by-step insights and essential tips for using USDC to maximize your returns on Bybit. 

 is a cryptocurrency stablecoin that’s pegged to the US dollar at a 1:1 ratio and fully backed by cash and short-term US Treasury reserves. It’s issued by Circle and is widely used within payments, investments and DeFi.

Bybit makes it easy to buy USDC through multiple user-friendly options — whether you're after a quick purchase with fiat, or prefer a more hands-on approach with 

Bybit provides a wide range of investment opportunities to help you tap into the stability of USDC while exploring different trading and growth strategies. 

Bybit Spot trading involves buying and selling cryptocurrencies at the current market rate. For USDC holders, this can be a way to rebalance portfolios and take advantage of market opportunities.

 allow experienced traders who understand the complexities of 

 trading and derivatives to speculate on the future price of cryptocurrencies without actually owning the underlying asset. USDC is used as the settlement currency, providing liquidity while limiting exposure to volatility.

 provide strategic flexibility by offering the right, but not the obligation, to buy or sell an asset at a predetermined price.

 offers a low-risk investment avenue so you can earn interest on your USDC deposits. These products generally provide a fixed or flexible annual percentage yield (APY).

 (DeFi) with the reliability and user-friendly experience of centralized platforms. Using USDC in this framework allows investors to stake their holdings on-chain, and to earn rewards directly from blockchain protocols.

 on Bybit enables investors to supply USDC to 

 and earn rewards in return. This process is essential for maintaining market fluidity and, in return, offers attractive yields based on transaction fees and incentive programs.

 allow you to leverage your USDC holdings to access additional capital, enabling you to invest further without liquidating your assets. This can be particularly beneficial if you have a long-term bullish view on the crypto market, but require liquidity for other investments.

USDC is a key stablecoin that plays a pivotal role in modern crypto investment strategies. Bybit’s wide range of USDC-based products spans spot trading, derivatives, options, savings, on-chain earn, liquidity mining and crypto loans, providing investors with a versatile tool kit to navigate risk and build wealth. With top-notch security measures and a wealth of educational resources, Bybit helps users make calculated plays and adapt their strategies in the ever-volatile crypto market.

Beginner

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A guide to growing your wealth with USDC on Bybit

USDC is a regulated and USD-backed stablecoin that ensures price stability and transparency, making it an ideal choice for everyday transactions. Learn more.

Stablecoins are changing the digital transactions space, with USDC leading the charge. A recent 

 by an impressive 78% year-over-year shows their growing popularity and the increasing clarity surrounding their regulation. 

This article describes USDC in detail, and explains how you can easily acquire it on Bybit and the many ways to use it for regular payments — from 

 to seamless wallet transfers, payment gateways, gift cards and exciting features like the 

 that’s pegged 1:1 to the US dollar and fully backed by reserve assets comprising cash and cash equivalents. Issued by Circle, USDC ensures price stability and transparency, making it widely available for use in digital transactions, cross-border payments, trading and 

Bybit is one of the top cryptocurrency exchanges, well-regarded for its easy-to-use interface, powerful trading tools and strong security measures. It offers multiple ways to buy USDC to suit different user preferences, such as 

. Among these, P2P Trading and One-Click Buy are the most popular, due to their ease and flexibility. Below, we describe how each method works.

USDC offers both retail and institutional users a reliable means for transactions. Retail users often use USDC for daily spending and as a stable asset to manage crypto market volatility, frequently buying and spending USDC through exchanges, P2P trading and crypto debit cards, making it easy to use USDC stablecoin just like cash.

In contrast, institutions typically leverage USDC for large-scale payments, 

 against market swings and liquidity management. Because they’re dealing with higher volumes, they typically prefer over-the-counter (OTC) trades or advanced trading platforms that help reduce market impact and slippage. 

If you’re using Bybit, there are several ways to pay with USDC.

Crypto debit cards enable users to spend cryptocurrencies like USDC at traditional merchants by converting crypto holdings into fiat currency at the point of sale. These cards are typically linked to a crypto wallet or exchange account, facilitating smoother transactions. For instance, the 

, a Mastercard debit card, allows users to spend their cryptocurrency holdings, including USDC, at any merchant that accepts Mastercard. Both the virtual and physical Bybit Card support online and in-store purchases. Here’s how to obtain and use one:

Direct wallet-to-wallet transfers enable users to send USDC to others seamlessly and quickly.

If you're using Bybit, sending USDC with wallet transfer is simple.

Make sure you select the correct network (i.e., ERC-20) to avoid extra fees or failed transfers.

Crypto payment gateways are platforms that let merchants accept payments in cryptocurrencies such as USDC. Some popular ones include Coinbase Commerce, NOWPayments, BitPay and Binance Pay. These gateways function like traditional payment processors, but are designed for digital currencies. Here’s how to pay with USDC using the gateways.

If you’re a verified user in Brazil, you can also use 

Crypto gift cards are digital vouchers that you buy with USDC and use for products, services or even more crypto. They let you spend or gift crypto without converting it to fiat currency.

 is a feature exclusively on the Bybit mobile app that lets users share crypto assets through giveaways. While it’s not a payment method, it’s a fun way to claim rewards via QR codes or passcodes, helping to promote community engagement within the Bybit ecosystem. Here’s how to create a Giveaway on Bybit:

USDC is pegged 1:1 to the US dollar, offering a reliable digital payment method. It combines the stability of fiat currency with the advantages of digital assets to provide several advantages for both businesses and individuals.

USDC maintains a stable value because it’s fully backed by US dollar reserves held in regulated financial institutions. Regular audits and public disclosures ensure transparency, making USDC a trustworthy medium for transactions.

USDC transactions are processed rapidly, often settling within seconds. This swift processing enhances cash flow management and provides immediate access to funds, which is crucial for both businesses and individuals. 

Transactions using USDC often incur lower fees compared to transactions within traditional payment systems. This cost-efficiency is particularly beneficial for businesses handling high volumes of transactions or operating internationally. 

USDC is a well regulated and efficient digital payment solution that’s ideal for both individuals and institutions. With its stable value, low fees and fast transfers, it offers clear advantages over traditional payment methods and numerous cryptocurrencies. USDC enhances the user experience through crypto debit cards, wallet transfers and payment gateways, making transactions seamless and accessible. It serves as a reliable bridge between traditional currencies and the world of decentralized finance.

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How to use USDC for everyday payments

The Wyoming Stable Token (WYST) is a state-backed digital currency designed to maintain a stable value by being pegged to the US dollar. Learn more here.

Did you know that Wyoming has long been at the forefront of cryptocurrency innovation? As a pioneer in the space, Wyoming has been earning its reputation as a blockchain-friendly state by aggressively enacting 

. As such, the introduction of the Wyoming stablecoin (WYST) marks another milestone in this journey, positioning the state as a leader in the adoption of digital assets.

Curious about what exactly WYST is and why it’s significant? In this article, we’ll explore everything you need to know about Wyoming’s state-backed stablecoin, how it works and its potential impact on the global financial landscape.

The Wyoming Stable Token (WYST) is a state-backed digital currency designed to maintain a stable value by being pegged to the US dollar. 

 like WYST aim to provide price stability, making them ideal for everyday transactions and financial applications.

What sets WYST apart is its backing by the state of Wyoming. This makes it the first state-issued stablecoin in the United States, a groundbreaking initiative that combines blockchain technology with government oversight. All in all, WYST is designed to serve as a secure, transparent and efficient medium of exchange while promoting financial inclusion and innovation.

Why is Wyoming launching and backing a fiat-backed stablecoin?

Wyoming has been a pioneer in crypto-friendly legislation, passing over 30 blockchain-related laws since 2018. Thus, the launch of WYST aligns with the state’s broader overall strategy to position itself as a hub for digital asset innovation. By creating a state-backed stablecoin, Wyoming leverages blockchain technology to enhance financial services and attract investment.

Contrary to popular belief, there are more benefits to launching a large-scale crypto project than just making the headlines of crypto news outlets. According to the 

, the primary goal of WYST is to provide a reliable digital currency that can be used for everyday transactions while fostering economic growth within the state. Some key benefits are as follows:

WYST operates on a public blockchain, ensuring an unprecedented level of transparency and security for a state-backed financial instrument. 

 allows every transaction involving WYST to be recorded on an immutable distributed ledger, making it auditable and tamper-resistant. This feature is particularly significant in fostering trust among users, as they can independently verify the movement of funds without relying on centralized authorities. 

Unlike traditional financial systems in which transaction records are often opaque and subject to delays, WYST's blockchain-based infrastructure ensures real-time settlement and visibility.

The stablecoin is fully backed by US dollars held in reserve by the state of Wyoming, adhering to a strict 1:1 backing model. This means that for every WYST token issued, an equivalent amount in fiat currency is securely stored in reserve accounts. These reserves are managed under the oversight of the Wyoming Stable Token Commission, ensuring compliance with statutory requirements and safeguarding token holders' interests. 

This model eliminates the volatility commonly associated with cryptocurrencies like Bitcoin or Ethereum, making WYST a reliable medium of exchange and store of value.

LayerZero: Official WYST token issuance partner

, a leading interoperability protocol, to serve as the token issuance and distribution partner for WYST. 

 (OFT) standard enables seamless cross-chain functionality, allowing WYST to operate across multiple blockchains, such as Ethereum, Solana, Avalanche and other popular 

. This partnership enhances WYST’s interoperability while reducing reliance on centralized 

, which are often vulnerable to security risks. 

LayerZero’s involvement ensures that WYST is built on a secure and scalable infrastructure, setting a high standard for state-backed digital assets

The reserves backing WYST aren’t merely idle funds. Rather, they’re strategically invested in low-risk assets, such as US Treasury bonds and repurchase agreements (repos). This approach ensures that the stablecoin’s reserves remain highly liquid while also generating interest income. The Wyoming Stable Token Act mandates that these assets must exceed the total number of tokens issued by at least 2%, creating an overcollateralization buffer to further enhance stability and public trust. 

The legislation also stipulates specific guidelines for asset maturity, whereby treasuries cannot exceed 365 days, while repos are limited to 30 days. This minimizes overall reserve risk exposure to market fluctuations. The interest generated from these investments is funneled into Wyoming’s school foundation fund, directly benefiting public services such as education and infrastructure development. This innovative financial model transforms WYST from a mere transaction tool into a mechanism for societal advancement. 

By using income from reserves to support the public interest, Wyoming demonstrates how blockchain technology can be harnessed to create tangible benefits for the state’s residents.

Moreover, this reserve management strategy avoids reliance on taxpayer funds. Instead, Wyoming leverages its existing $31 billion investment portfolio to back WYST without introducing new taxes or financial burdens on its citizens. This fiscal prudence not only strengthens the economic viability of the WYST stablecoin, but also positions it as a model for other states considering similar initiatives.

By combining overcollateralization with prudent asset management, WYST ensures liquidity and stability while contributing to the public good. Such an innovative, pioneering approach could provide a template for other government entities in the blockchain space, redefining what it means for governments to interact globally with digital assets.

WYST leverages blockchain technology to provide transparency and immutability. Every transaction is recorded on a public ledger, ensuring accountability and transparency for all.

Unlike traditional stablecoins, WYST’s reserves generate interest that can be reinvested into public services, such as education and infrastructure.

WYST employs advanced security measures such as 

 to protect user data while maintaining transparency.

As a state-backed currency, WYST aims to be accessible to all residents of Wyoming, while also being available for global use.

While WYST is primarily designed for use within Wyoming, its potential extends far beyond state borders. The stablecoin could play a significant role in the following:

By being positioned as a globally viable stablecoin, WYST could attract international users and investors, further solidifying Wyoming’s leadership in the crypto space.

If you’re interested in stablecoins, you might be wondering what WYST has in common with other competing stablecoins in the market. Following are some factors to consider.

, WYST is pegged to the US dollar, and operates on blockchain technology. All three stablecoins aim to provide stability and transparency in conducting digital transactions.

What sets WYST apart is its state backing and focus on public benefit. Unlike private stablecoins issued by corporations, WYST’s reserves are managed by the Wyoming state government, ensuring greater accountability and trust.

Wyoming’s permissive crypto laws have been instrumental in making WYST possible. The state has established clear guidelines for digital assets, providing legal certainty for businesses and individuals alike.

At the federal level, discussions around stablecoin regulation are ongoing. While this creates some uncertainty, Wyoming’s proactive approach positions it as a leader in navigating potential legislative challenges.

Despite its promise, WYST faces several challenges:

Addressing these challenges will be crucial for the success of WYST and its mainstream adoption in the long run.

Looking ahead, Wyoming has ambitious plans for WYST. The state envisions it as part of a broader ecosystem of digital assets that could include tokenized real estate, decentralized identity solutions and more. By embracing blockchain technology today, Wyoming aims to set an example as the gold standard for other states and governing bodies to follow down the line, when crypto and blockchain technology gain increased mainstream adoption.

The Wyoming stable token WYST represents a bold step forward in the integration of blockchain technology into mainstream finance. By combining the stability of fiat currency with the transparency of blockchain, WYST has the potential to revolutionize the way we think about money and payments. 

Whether you’re a beginner exploring crypto or an experienced trader looking for innovative opportunities, WYST is worth keeping an eye on, as it paves the way for future advancements in digital finance and adoption of stablecoins among regulating bodies.

Intermediate

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Wyoming Stable Token (WYST): A state's vision for digital currency

Futures spread trading occurs when traders simultaneously open two futures contracts in opposing directions to capitalize on the price difference between them.

If you’ve traded perpetual futures (perps) before, you’ll know that they often come with plenty of highs and lows. With futures spread trading, you can mitigate some of these risks by focusing on the relative price movements between two contracts, rather than the absolute price changes. This sophisticated strategy allows you to profit from the spread, while minimizing exposure to overall market volatility — which is particularly beneficial in highly volatile markets like crypto.

In this article, we’ll learn about futures spread trading, how it works in practice and why traders might choose this approach over outright futures trading. We’ll also delve into the key advantages and potential drawbacks to consider before you get started. By the end of this article, you’ll have a better understanding of whether futures spread trading is a suitable strategy for your trading goals and risk tolerance.

Futures spread trading is a sophisticated strategy in which traders simultaneously open two 

 in opposing directions in order to capitalize on the price difference between them, known as the spread. 

Unlike traditional trading methods that focus on the absolute price movements of buying low and selling high, spread trading emphasizes the relative price relationship between two futures contracts.

Futures spread trading in the crypto market

In the crypto market, spread trading often involves both expiring futures and 

, which are futures contracts without an expiration date. Perpetual futures allow traders to maintain positions indefinitely, making them popular for spread trading strategies. The primary goal for crypto futures spread traders is to profit from changes in the spread, while minimizing exposure to overall market volatility. By focusing on the relative price movements between contracts, traders can reduce their risk and capitalize on market inefficiencies, even in highly volatile environments like crypto markets.

While the execution of a futures spread trade may seem daunting, its mechanics will feel more manageable once you’re familiar with the moving parts of each trade. From planning out entries to deciding on potential cross-asset spreads, we’ll share with you all you need to know when it comes to spread trading for crypto futures.

Futures spread trading offers several benefits that make it an attractive strategy for traders in the crypto market. Following are some of the key advantages worth considering

Due to its market neutrality, futures spread trading provides a reduced 

, making it particularly beneficial in highly volatile markets such as crypto. By focusing on the price differences between two contracts, traders can enjoy gains from the spread while reducing their exposure to market-wide volatility. 

For example, a crypto trader buying a March 2025 Bitcoin futures contract and selling a June 2025 Bitcoin futures contract can profit from the spread, regardless of whether Bitcoin's price surges or plummets. Since both contracts are likely to be affected similarly by overall market movements, the trader can focus on the relative performance between them, minimizing exposure to broader market volatility.

 requirements for spread trades, due to their reduced risk profile. This allows traders to control larger positions with less capital, enhancing their potential gains and providing additional liquidity. For instance, using a cross-margin account mode, a trader can execute a spread trade with even less upfront margin as compared to trading outright futures contracts. This capital efficiency enables traders to maximize their trading capacity without tying up excessive capital in margin requirements.

Traders can diversify their portfolios by engaging in cross-asset spreads based on their existing inclinations. This strategy allows traders to profit from the relative performance of different crypto projects. For example, trading Ether futures against Bitcoin futures, or comparing crypto ecosystems through spread trades, can provide opportunities to capitalize on differences in performance between assets. This diversification helps spread risk across multiple assets, making the trading strategy more resilient to market fluctuations.

4. Protection from external market shocks

Spread trading offers added insulation from external fundamental factors, such as regulatory changes or economic announcements that can significantly impact specific assets or projects in the crypto space. For instance, if a regulatory announcement causes Bitcoin's price to drop, the impact on both the long and short legs of a Bitcoin futures spread would be similar, minimizing the overall effect on the trade. This insulation helps traders maintain a more stable trading environment despite external market influences.

Spread trading often involves identifying and exploiting 

 opportunities arising from inefficiencies in market pricing. This can lead to gains with low risk. For example, if a spread trader notices a price discrepancy between Bitcoin futures contracts on different exchanges, they can profit by buying the cheaper contract and selling the more expensive one. This strategy allows traders to capitalize on market inefficiencies without taking on additional exposure or market risk, thus providing a low-risk opportunity for profit.

While futures spread trading offers benefits, such as reduced exposure to market volatility and lower margin requirements, it also involves unique risks that traders must understand and manage. Following are the key risks associated with futures spread trading in the crypto market.

Execution risk is a significant concern in futures spread trading, particularly in fast-moving crypto markets. This risk manifests as 

, whereby the actual execution price differs from the expected price, often due to rapid price movements or low liquidity. For instance, a trader attempting to execute a 

 by buying a March 2025 Bitcoin futures contract and selling a June 2025 contract might face slippage. If the price of the June contract moves unfavorably during execution, the trader ends up with a larger spread than anticipated, leading to potential losses. This scenario highlights the importance of monitoring market conditions closely and using tools that minimize execution risks.

Market risk is another critical factor in futures spread trading. Although spread trading focuses on relative price movements, adverse changes in either contract can still result in losses. This risk is heightened in volatile markets such as crypto. For example, a trader executing a cross-asset spread by buying Ether futures and selling Bitcoin futures is exposed to market risk. If Ether's price drops more than Bitcoin's, the spread widens unfavorably, leading to losses. This scenario underscores the need for traders to closely monitor market dynamics and adjust their strategies accordingly in order to mitigate potential losses.

Leverage risk is inherent in crypto futures trading, as high 

 can amplify both profits and losses. If the market moves against a trader's position, they may face margin calls, potentially leading to forced 

 at unfavorable prices. For instance, a trader using leverage to execute a large calendar spread in Bitcoin futures may face significant losses if the spread moves against them. They might be required to deposit additional margin or face liquidation, resulting in substantial financial losses. This highlights the importance of managing leverage carefully and setting appropriate 

Liquidity risk is a major concern in futures spread trading, especially in crypto markets, where liquidity can vary significantly across different assets and exchanges. Trading illiquid contracts can lead to wider bid-ask spreads and difficulty in executing trades at desired prices. For example, a trader attempting to close a spread position in a less liquid altcoin futures market may face challenges selling at a favorable price due to low liquidity. This can lead to increased losses, as the trader may have to accept a lower price or wait for better market conditions, which might not materialize. Therefore, it's crucial for traders to assess liquidity before entering a trade, and to plan accordingly.

Counterparty risk is another significant concern for traders, as they’re exposed to the risk of exchange failures or counterparty defaults. If the exchange or counterparty fails to fulfill their obligations, traders may incur losses. For instance, a trader holding a spread position on a smaller, unregulated exchange faces the risk of operational issues or insolvency. If the exchange experiences such problems, the trader may not be able to close their position or recover their funds, leading to substantial financial losses. This underscores the importance of choosing reputable exchanges and diversifying trading activities across multiple platforms.

Futures spread trading can be a valuable strategy for experienced traders who understand its complexities and can manage its risks effectively. However, it may be more challenging for beginning traders, due to the need for a solid understanding of futures markets and 

. Beginners might consider starting with simpler strategies, and gradually moving to spread trading as they gain more experience and confidence in their trading abilities.

As for experienced crypto traders, futures spread trading can certainly be something to explore. This is largely because veteran traders will be able to keep to their planned risk management levels, and take advantage of the strategic flexibility that typically comes with executing futures spread trades. Armed with the necessary market knowledge, experienced crypto traders can even plan and execute cross-asset spreads that make such trades even more lucrative.

As the crypto market continues to evolve, mastering futures spread trading can effectively provide crypto traders with a competitive edge, offering reduced risk profiles, capital efficiency and opportunities to diversify. By staying informed about market conditions and leveraging the capabilities of platforms such as Bybit, traders can execute spread trades effectively and achieve greater success in the dynamic world of crypto futures trading.

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Futures spread trading: Navigating price discrepancies for profit

Daily Bits

Sony has launched the "Minato" testnet for Soneium, its upcoming Ethereum Layer 2 network, and opened the Spark incubator program. 

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The SPX index was down by 0.6%, the decline followed investor reactions to Nvidia's earnings, which, despite meeting expectations, failed to impress due to a less significant beat compared to previous quarters. Investors are also focusing on upcoming earnings reports and jobless claims data. The broader cryptocurrency market was down, with Bitcoin and Ether dropping by 5.17% and 1.66%, respectively in the past 24 hours.

Today's top performer is DOGS, which surged 19.5% following Bybit's announcement of a boosted prize pool to 20,000 USDT for its DOGS Trading Competition.

DOGS (DOGS), launched in August 2024, is a memecoin on The Open Network (TON) blockchain, designed for Telegram users and inspired by Pavel Durov's meme character, "Spotty." It leverages meme culture and community engagement to rapidly grow in popularity, alongside other dog-themed coins like Dogecoin and Shiba Inu, and has become a notable Telegram mini-app. 

 now features a prize pool of 20,000 USDT. Participants can trade Perpetual Contracts for a chance to win up to 2,000 USDT. Register via the 

Check Out the Latest Prices, Charts, and Data of 

" testnet for Soneium, its upcoming Ethereum Layer 2 network, and opened the Spark incubator program. The testnet allows developers and users to test and provide feedback before the mainnet launch. The Spark incubator offers up to $100,000 in investment and support for DeFi, NFT, gaming, and social projects, aiming to onboard 30 projects in its first cohort starting mid-October. Soneium is supported by partners including Astar Network, Optimism, and several VCs, marking Sony's continued expansion into the web3 space.

Yesterday, the BTC Spot ETF data shows a total outflow of $105.3 million, with $8.0 million from GBTC and $97.3 million from non-GBTC sources.

 (TGE) is expected in September, and a special Loyalty Bonus will be included in the airdrop for dedicated community members. The bonus is based on two factors: earliness, determined by participation across four Epochs from the mainnet launch to the snapshot, and commitment, measured by the difference in Pearls earned across epochs. The amount of deposited assets doesn't affect the bonus, which is aimed at rewarding early and sustained commitment rather than large deposits.

Sony Unveils Soneium Testnet and Spark Incubator to Boost Web3 Development

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards