Discover BlackRock’s BUIDL, a tokenized money market fund issuing a yield-bearing stablecoin backed by U.S. Treasuries and offering daily dividend payouts.

 (RWAs) are one of the fastest-growing niches in the crypto world. RWAs allow institutional entities to bring various 

 (TradFi) assets to an on-chain environment. These may include commodities, equities, bonds, cash equivalents and more. According to DefiLlama, the 

 as of early April 2025, and a clear leader of this niche has emerged by now in the form of BlackRock’s tokenized money market fund, BUIDL.

Launched in March 2024 by the world’s top asset manager, BUIDL has already amassed a TVL 

 as of the time of this writing (Apr 15, 2025). In this article, we’ll take a closer look at this category leader launched by BlackRock via Securitize, a major provider of RWA tokenization services.

 (BUIDL) is a tokenized money market fund launched in March 2024 by BlackRock, Inc., the world’s largest investment management firm by assets under management (AUM).

 The New York–based behemoth of the investment finance world launched the fund via Securitize, one of the leading providers of asset tokenization.

BUIDL invests in short-term cash and cash equivalent assets, such as Treasury bills, certificates of deposit and commercial paper. It may suit investors who’d like to use their spare cash for low-risk and quick — even if modest — returns.

BUIDL was initially launched on the Ethereum blockchain. By the end of 2024, it had expanded to several more chains, including 

 (POL). A year after its launch, in March 2025, the fund also added 

As of Apr 15, 2025, BUIDL has accumulated a TVL of around $2.37 billion, making it the largest asset in the RWA category as defined by the DefiLlama portal. This figure represents nearly 20% of the category’s total TVL of $11 billion.

BUIDL was tokenized and launched as a USD-pegged 

. Investment in the fund delivers daily accrued dividends. As such, BUIDL operates as a yield-bearing stablecoin. Besides providing rate stability, these stablecoins regularly accumulate rewards for investors. The rewards, however, aren't added to each unit of BUIDL held, as the stablecoin itself has a fixed rate of $1 at all times. The accrued dividends are paid out separately in BUIDL tokens to investors every month.

Unlike many other stablecoins, BUIDL isn't traded on the crypto market. In essence, it acts as a certificate of your investment in the fund.

Investing in BUIDL is possible exclusively via Securitize. The minimum investment amount is $5 million, and the fund is open to Qualified Purchasers. Under US securities law, Qualified Purchasers are entities, such as individuals and family offices, who have at least $5 million in investments.

BUIDL boasts a number of significant benefits, including the following:

Despite its numerous merits, investment in the BUIDL fund carries certain risks:

For high–net worth individuals and institutional investors, BUIDL represents a great alternative to traditional money market funds. Its blockchain-native nature will certainly appeal to any investor who'd like to keep their assets on-chain while enjoying the security and regular yields provided by the investment titan BlackRock.

As the niche of tokenized treasuries gains momentum, we may see similar products launched by major TradFi players. For now, BUIDL represents one of the rare options for tokenized money market fund investors, and its niche-leading TVL confirms that the market has enthusiastically embraced this novel product.

Intermediate

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BlackRock’s BUIDL: A guide to tokenized yield-bearing funds

Tether has partnered with OCEAN mining pool to decentralize Bitcoin block-building.

Daily top performer — Render Network (RENDER)

The S&P 500 rose 0.79%, led by real estate, utilities, and staples, amid tariff exemption news. Earnings reports are now in focus for insights on tariff impact. Gold dipped 0.7% to $3,213.69 after hitting a record $3,245.42, as improved risk sentiment weighed. Goldman Sachs raised its 2025 forecast to $3,700, citing strong central bank demand and recession risks. The Coindesk Indices, which tracks the broader crypto market, are down by 0.77%, with Bitcoin and Ether up by 1.17% and 2.75%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today's top performer is RENDER, up 4.03%, following THINK Agents' partnership with Render Network to enhance AI with decentralized compute.

Render Network (RENDER), launched in April 2020, is a decentralized platform on Solana that connects creators with idle GPU power for rendering and AI tasks, offering a cheaper, flexible alternative to traditional GPU services. THINK Agents has 

 with Render Network to leverage its decentralized GPU power, enabling more expressive and capable AI agents as part of building an intelligent internet.

Check out the latest prices, charts, and data of 

 with OCEAN mining pool to decentralize Bitcoin block-building. The stablecoin issuer will direct its Bitcoin hash rate to OCEAN’s pool, supporting the decentralization of the block-building process. OCEAN's DATUM protocol enables miners to build their own block templates, reducing reliance on centralized pools and enhancing censorship resistance. Tether’s Bitcoin mining operations are spread across countries like Uruguay, Paraguay, and El Salvador, where it has invested $500 million in Bitcoin mining. Although OCEAN currently mines a small percentage of Bitcoin blocks, Tether's partnership is expected to significantly boost its hashrate and contribute to decentralizing Bitcoin’s network.

Yesterday, Bitcoin spot ETFs saw $35.2M in outflows, all from non-GBTC funds, while GBTC had no flow.

 is now live as of April 15, with no action needed for existing users. New users can join by signing up and installing the browser extension to start earning points toward an airdrop.

Beginner

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Tether teams up with OCEAN mining pool to promote decentralization of Bitcoin block-building

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.

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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

Bybit Learn

Investing

Panicking over crypto winters? Don't fret, learn what are crypto bear markets and how to survive them with our guide.

Frozen_Crypto_Winter.jpeg

Although crypto bear markets are bound to happen, they’re not typically a sure sign of doom. What is a crypto bear market? How long do crypto bear markets last? These are some common questions traders or investors are asking today. In this article, readers will learn what crypto bear markets are, how to identify a bear run in crypto, and how long it may last. Readers will learn what distinguishes crypto bear markets from crypto winter periods. Additionally, this article will provide key information for surviving a bear run in crypto markets.

A crypto bear market starts when a crypto asset trades less than its previous high amount by 20% or more and remains lower for some time

Usually, the drop comes with much pessimism about upcoming short-term performance.

Many investors forgo buying during a bear run in crypto markets. The previous section outlined the basics of bear runs in crypto. However, learning more specific details about their key points can help investors discern whether they’re entering a crypto bear market, a crypto winter period or a correction. These are the main features of crypto bear markets to analyze.

Since economic stability affects confidence, and because availability of money affects trading volume, unfavorable macroeconomic conditions can lead to a bear run in crypto markets. Traditionally, crypto bear markets accompany the combination of inverted curve yields, rising inflation and rising interest rates. Longer periods of these unfavorable macroeconomic conditions can turn crypto bear markets into crypto winters.

Entering the crypto market comes with complex regulatory concerns. The regulatory world is in continual flux. Startups entering the market usually consult with attorneys to better understand the specific regulatory areas that affect them. Changing regulations, with other factors discussed in the previous sections shifting at the same time, can contribute to a bear run in crypto markets. Additionally, in the past, talks of stricter government regulations of cryptocurrencies have led to downward trends as fears grow.

As noted earlier, crypto bear markets have lengthier periods than corrections do. How long do crypto bear markets last today? Keep in mind that crypto is relatively new, which means that there are not as many benchmarks and historical data to use. How long do crypto bear markets last on average, from past data?

A key cause of the most recent crypto bear market of 2018 were the rumors that the SEC would visit the founders of startups funded by initial coin offerings (ICOs). At that time, most people only bought Bitcoin with regular currency. Investors used their dollars to buy Bitcoin, obtained Ether (ETH) with them, and used that to buy ICOs. Prices for everything crypto shot up, and ICO demand grew. Then, when it dried up, the entire market followed, leading to a crypto winter. Today, companies are more prepared. In addition, there are more operational companies in the market now, and more factors to consider. Bitcoin surged in December 2020 as investors started acquiring it to potentially deal with inflation arising from the pandemic. Tech innovations that made cryptocurrencies more usable or accessible also helped in shifting toward a bull run in 2021.

In the future, investors can also consider multiple crypto expert predictions. How long do crypto bear markets last according to expert predictions? The answers vary depending on sources. However, considering factors in the previous sections, along with different expert predictions, can help investors develop a more realistic idea of how long a bear market or a crypto winter may last. Some experts say that bull market periods often start after there are crypto and equities liquidation spikes in financial markets.

There are several steps that investors can take to survive crypto bear markets and potentially make money. Whether or not the period turns into a lengthy crypto winter, investors can follow these strategies to better manage their overall risk and portfolio.

Dollar-Cost Averaging Into Projects with Strong Fundamentals

Crypto bear markets create emotional roller coasters for many investors. With continual changes, it’s easy to start making potentially harmful emotion-driven decisions. When a bear market leads to a crypto winter, emotions can be especially unsteady for investors. Fear and greed contribute to poor decision-making, which is why investors must be conscientious at all times. By combining sound DCA and diversification strategies, traders can help limit emotion-based decisions that can hurt them.

Consider Low-Risk Strategies Like Staking

Despite market downturns, cryptocurrencies are still advancing with impressive speed. There is job growth in the blockchain sector, and many new projects are emerging every month. Due to volatility and other factors, crypto winter periods and bear markets will still occur in the future. The keys to surviving crypto bear markets are patience, positivity and a sound survival strategy that incorporates the tips in this blog. 

Curious about the overall strategy you should approach this crypto bear market with? Check out our 

What Are Crypto Bear Markets: 5 Handy Crypto Winter Tips

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards