BYUSDT AUM surged to $105 million in 20 hours

According to reports, as of March 3, the Assets Under Management (AUM) of BYUSDT under Bybit surged from $45 million to $105 million within 20 hours, reflecting investors' strong interest in this stable yield product.

BYUSDT is a high-yield stablecoin financial product launched by Bybit, supporting easy management of USDT holdings and 1:1 instant conversion to BYUSDT, providing users with stable income opportunities. The current annual percentage yield (APY) is 10%, with interest calculated daily and flexible redemption options. At the same time, BYUSDT can be used as margin for Bybit UTA.

The current promotion is still ongoing, with a limited number of daily rewards available on a first-come, first-served basis.