Bybit Launches Four New Perpetual Contracts for Traditional Market Assets

Ethena has introduced **USDtb**, a new stablecoin backed by U.S. Treasury assets that brings real-world asset (RWA) yield into the crypto ecosystem. **Key Features:** - Utility across trading, collateral, and DeFi applications - Initial staking rewards of up to 555% APR for USDT stakers - Post-maturity yield of 3.4% APR for USDtb holders The launch follows Binance's introduction of RWUSD in July 2025, which offered up to 4.2% APR on tokenized U.S. Treasury Bills. USDtb represents another step in bridging traditional finance yields with cryptocurrency markets through treasury-backed stablecoins.

Fixed Rate Loan has launched a new feature allowing users to fund Supply orders directly from their Flexible Earnings balance. **Key features:** - Earn flexible APR while orders are pending - Automatic conversion to fixed APR when orders are matched - Eliminates idle capital periods The update ensures continuous yield generation throughout the lending process, removing the gap between flexible and fixed-rate earnings.

The PENGUIN token has launched on the ByVotes platform, attracting significant early participation. **Key Metrics:** - Over 270 million votes cast - More than 8,000 participants engaged - Prize pool of 1,500,000 PENGUIN tokens available The campaign allows community members to vote on the platform to earn a share of the prize pool. This follows a similar pattern to previous token launches on ByVotes, such as the HAT token campaign in January 2025. [Learn More](https://i.bybit.com/G086ab2) | [Vote Now](https://i.bybit.com/2D4kaabq)

**Bybit has launched its Big Advent Box campaign** for the holiday season, offering users the chance to win rewards from a **50,000 $USDT prize pool**. The campaign follows a simple format: - Tap to participate - Pay to unlock - Unwrap festive rewards daily This builds on Bybit's previous holiday promotions, including their **Big Bybit Unboxing campaign** that featured a 600,000 $USDT prize pool with daily spin opportunities. Users can participate in the advent-style reward system throughout the campaign period. The exchange continues its tradition of **seasonal promotional campaigns** designed to engage users during peak holiday periods.