Bybit provides USDtb direct minting and redemption services

Odaily News Cryptocurrency exchange Bybit’s On-Chain Earning (Bybit Earn) has become the first exchange to provide unlimited direct minting and redemption services for USDtb. Bybit users can now obtain USDtb instantly without applying or waiting.
USDtb is a new generation stablecoin developed by Ethena, designed to maintain a 1:1 value with the US dollar. USDtb is backed by US Treasury assets as collateral - these safe and profitable government securities provide it with support. With this upgrade, users can now mint USDtb by depositing USDT, USDC or USDe directly through Bybit. The entire process is fast and simple, without the need for intermediaries. When redemption is required, USDtb can be instantly exchanged back to these stablecoins without delays or hidden steps.
Emily Bao, head of Bybit's spot business, said that Bybit's on-chain coin earning function integrates the USDtb direct minting function, providing users with the autonomy and liquidity needed for the future of on-chain finance.