Dubai-based cryptocurrency exchange Bybit has announced the launch of BYUSDT, a proprietary coin that tokenizes USDT Flexible Easy Earn balances for margin trading while still generating daily yield. The new token allows Bybit VIP account holders to tokenize their staked Flexible Easy Earn balances — USDT holdings earmarked for yield earnings — for 1:1 margin trading. According to a Dec. 12 press release, users can swap between BYUSDT and their USDT Flexible Easy Earn accounts seamlessly with no fee for m ...