The new listing adds USD1 (a dollar-pegged stablecoin) to Bybit’s trading and credit products, including margin trading, crypto loans, institutional loans, and pay later services.
USD1 has launched on Bybit, expanding access to the dollar-pegged stablecoin across several exchange products. According to the post, the token will support margin trading (borrowing to trade), crypto loans, institutional loans, and pay later services on the platform. The announcement highlights growing exchange integration for stablecoins, which are commonly used for trading, lending, and payments because their value is designed to track the U.S. dollar.