Key Highlights
- Bybit has launched the USD1 Hold & Earn program with a WLFI rewards pool.
- USD1 can also be used as collateral for trading and lending services on Bybit.
- Rewards are calculated using hourly balance snapshots and distributed daily.
Bybit, a cryptocurrency exchange, today introduced USD1 on its platform, allowing traders to store the token and generate daily $WLFI rewards through staking as well as use the token as collateral for various trading and lending services.
According to the official announcement, USD1 can now be used as collateral across margin trading, crypto loans, institutional loans, and pay-later services.
Users who hold USD1 are eligible to participate in a rewards program launched in collaboration with World Liberty Financial (WLFI). The program includes a 45 million WLFI reward pool and offers returns of up to 20% APR.
Hourly snapshot for rewards
To be part of the Hold & Earn program, participants should have completed the process of identity verification (KYC) and have a minimum of one USD1 holding and maintain holdings throughout the full UTC day (00:00–23:59).
Hourly snapshots of USD1 balances will be taken from users’ accounts in funding accounts, unified trading accounts, and trading bot accounts (both main and subaccounts). The effective holding for the day is determined by the minimum balance among the 24 hourly snapshots.
Important exclusions include USD1 in Easy Earn products, USD1 obtained through Crypto Loans or Spot Margin, and USD1 in Copy Trading Pro subaccounts are ineligible.
The announcement notes rewards to be paid out at about 6:00 AM UTC into the user’s funding account through the main account. The earnings are based on the lowest hourly snapshot, while the APR changes dynamically according to the level of platform engagement and the available WLFI reward pool monthly. Now, traders can keep their position steady, earn interest, and trade without asset conversion.
The campaign is part of Bybit’s broader USD1 Carnival, aimed at boosting adoption of the stablecoin through both holding incentives and trading rewards.
USD1 recently debuted on Binance
USD1 was also recently introduced on Binance through the launch of a USD1/BTC perpetual futures contract, which went live on May 18, 2026.
As per Binance, the USD1/BTC perpetual futures contract will have standard USDS margin specifications that include competitive leverage, funding rate, and excellent risk management.
Users can instantly utilize their existing balances of USD1 in their futures wallet at launch time. The minimum trade size for the contract was 0.0001 BTC, while the minimum notional value was 50 USD1.
Rising trend of combining stablecoins into the platform
This launch comes amid the rising trend of top exchanges combining the benefits of stablecoins with the yields of DeFi. Through the use of USD1, Bybit seeks to solidify its standing in the lucrative market of stablecoins and RWAs.
It is important that all the terms and conditions be understood before participating in the USD1 campaign by Bybit. Users interested in participating in the program are advised to check out the dedicated campaign page here.
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