Bybit Earn (USDT) pays a yield on USDT held with the Bybit exchange, generated by lending deposits to the platform's borrowers and routing them into structured products. It offers flexible and fixed-term tiers at competitive rates. It scores 60/100 (Tier 3) on the RWTS Trust Score: Bybit is a large derivatives-focused exchange, but the product is custodial, the yield comes from opaque internal lending, and counterparty plus regulatory risk are material. The relatively high rate reflects that depositors are taking exchange credit risk rather than holding a reserved or independently custodied asset.
- Issuer / protocol
- Bybit
- Backing
- USDT lent to Bybit borrowers and structured products
- Redemption / lock-up
- Flexible or fixed-term
- Audit & proof of reserves
- Independently audited
- Availability
- Global, limited US access
- Chain
- Multi-chain
- Tier
- Tier 3 — Secured DeFi
Scored on the published RWTS methodology (v1.1), reviewed quarterly and on material events. Ratings are independent and never pay-influenced.
Calculations are indicative. Actual yields may vary.
Price data from CoinGecko. Not financial advice.
Current yield of 6.50% sits at 30% of the observed range. There may be room for rates to improve.
Projections assume constant APY of 6.50%. Actual returns may vary. Not financial advice.
Beyond USDT's own score, two structural questions matter: what is it built on, and what has broken before in this part of the market. A high score in isolation can still carry hidden, shared exposure.
What this and similar assets are built on, and where contagion could spread.
The depegs, defaults, and exploits that inform the Track Record dimension.
Liquidity read: TVL of $3.10B indicates deep on-chain liquidity. Lock-up: Flexible or fixed-term.