Bybit is making significant strides in enhancing accessibility and innovation for its global user base.
The platform today announced the launch of a new fiat deposit and withdrawal channel in Kazakhstan and simultaneously unveiled an industry-first direct minting and redemption service for USDtb stablecoin.
Bybit Kazakhstan 🇰🇿 has launched a fiat deposit & withdrawal channel with Bank CenterCredit.
Local users can now move KZT in and out of Bybit with zero fees — securely and compliantly.
Proud of this step toward stronger regional infrastructure.🔗 Learn more:… pic.twitter.com/076MKpYrI0
— Bybit (@Bybit_Official) June 10, 2025
In Kazakhstan, Bybit has partnered with Bank CenterCredit, enabling local users to seamlessly move Kazakhstani Tenge (KZT) in and out of their Bybit accounts with zero fees. This integration allows for secure and compliant transactions, marking a crucial step toward strengthening regional crypto infrastructure and promoting greater financial inclusion in the country.
Concurrently, Bybit has introduced a major upgrade to its On-Chain Earn product, becoming the first exchange to offer direct and unrestricted minting and redemption of USDtb. This innovative stablecoin, developed by Ethena, maintains a 1:1 peg with the U.S. dollar and is uniquely collateralized by yield-generating U.S. Treasury assets, offering both stability and potential income.
Users can now directly mint USDtb by depositing USDT, USDC, or USDe through Bybit, with instant redemption back into these stablecoins. This streamlined process eliminates previous restrictions, applications, or waiting periods, providing immediate access to a liquid and income-generating asset.
“Stablecoin yield is entering a new era,”
stated Emily Bao, Head of Spot at Bybit.
“Bybit’s integration of direct USDtb minting removes longstanding barriers and empowers users with the autonomy and liquidity they expect from the future of on-chain finance.”
The new service is accessible to users who complete Identity Verification Level 1 and deposit a minimum of 5,000 USDT, USDC, or USDe, offering automatic dynamic yields without staking or lock-ups. This upgrade underscores Bybit’s commitment to delivering advanced, user-centric solutions in the evolving digital asset landscape.
Building on this momentum, Bybit has also announced support for native USDC on the Aptos blockchain. This development allows users to trade USDC and earn APT directly on the platform for the first time, unlocking new utility for the stablecoin across the Aptos network.
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