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Bybit Lists World Liberty Finance’s USD1 Stablecoin on Aptos Network

The exchange enables gas-free deposits and withdrawals of USD1 and offers a $90,000 prize draw for participants.

APT
USD1

Summary

Bybit has listed the USD1 stablecoin from World Liberty Finance on the Aptos blockchain. Users can deposit and withdraw USD1 with zero gas fees and join a $90,000 prize draw. Aptos’s high-performance network facilitates cost-effective stablecoin transactions between exchanges such as Crypto.com and Bybit.

Terms & Concepts
  • Stablecoin: A cryptocurrency pegged to a stable asset like the US dollar, designed to minimize price volatility.
  • Aptos Network: A layer-1 blockchain known for low-cost and fast transactions, supporting DeFi and stablecoin operations.
  • Gas Fees: Transaction fees paid to blockchain validators; some networks or platforms offer promotions with zero gas fees.