Bybit Launches 800,000 USDC Campaign to Boost Trading and Staking Activity

3 hour ago 2 sources positive

Key takeaways:

  • Bybit's USDC promotion signals a strategic push to increase platform liquidity and user engagement.
  • The campaign could temporarily boost USDC demand, but may not affect its long-term peg stability.
  • Watch for similar promotions from other exchanges as competition for stablecoin market share intensifies.

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched a major promotional campaign centered on the USDC stablecoin. The exchange is offering a total prize pool of 800,000 USDC to users who trade or stake USDC on its platform.

The "USDC Campaign" is designed to cater to a wide range of users, from active traders to yield-focused investors. The event runs from February 23, 2026, until March 6, 2026. Eligible users must register and can choose to join one of two teams, each with a dedicated portion of the prize pool.

How the Campaign Works: Participants who join the Trade Team can earn "Trade Points" by trading USDC, with one point awarded for every 500 USDC traded. Those who join the Stake Team earn "Stake Points" by staking USDC through Bybit's Fixed Savings product (with a 21-day term) or the MNT/USDC Alpha Farming pool, earning one point for every 100 USDC staked. Users can also participate in both activities to earn rewards from both teams' prize pools.

The campaign highlights the utility of USDC, describing it as a "cornerstone of the global stablecoin market." It notes that USDC, issued by Circle and fully backed by the US dollar, offers stability combined with blockchain speed and transparency, making it a trusted instrument for trading, value storage, and passive yield generation.

Bybit's initiative underscores its commitment to creating products that meet diverse user needs and promoting the adoption of stablecoins within its ecosystem of over 80 million users.

Sources
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