Bybit Tether Move Boosts Liquidity 100x

Bybit Shifts to Tether for Enhanced Liquidity

• Bybit will transition its options and futures contracts to Tether (USDT) from February 26, ceasing new USDC contracts.
• USDT remains the most liquid stablecoin with a $145.2 billion supply, while USDC follows with $54.9 billion.
• Bybit reported a daily trading volume of $22.2 billion during the 2024 bull run, with $BTC and $ETH as top derivatives pairs.
• The platform aims to obtain a MiCA license after being removed from the French AMF blacklist.

Bybit’s move to Tether aims to boost liquidity on its platform, leveraging USDT’s position as the leading stablecoin with a supply of $145.2 billion compared to USDC’s $54.9 billion.