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Bybit EU Expands Access to USDC and EURC

Bybit EU, the European branch of the cryptocurrency service provider Bybit, headquartered in Vienna, has recently announced new initiatives focused on expanding access to stablecoins USDC and EURC across Europe. This effort is designed to promote responsible use of digital assets while also enhancing financial education for users.

A Step Towards Financial Responsibility

The campaigns aim to foster disciplined saving habits and encourage responsible participation on Bybit’s regulated platform. They provide users with opportunities to engage with USDC and EURC in compliance with the European Union's regulatory framework, specifically the Markets in Crypto-Assets Regulation (MiCAR). Bybit EU emphasizes the practical use cases of these stablecoins, steering users towards informed and structured engagement with digital assets.

Launch of the Initiative

Launched on February 2, the first phase of the initiative primarily highlights stablecoin Earn products that contribute to financial education and long-term financial planning. Instead of speculative trading, the focus is on assisting users to build healthy saving habits and utilize idle funds to achieve specific financial goals, such as establishing an emergency fund or planning for future expenses.

Among the Earn products offered are exclusive 10-day USDC Fixed Earn opportunities at an interest rate of 20% APR for new users, 10-day USDC Fixed Earn at 14% APR, a 30-day USDC Fixed Earn at 16% APR, and a 30-day Cross-Yield EURC-USDC at 15% APR. These short-term offers are designed to provide clarity and predictability, encouraging users to save according to a plan rather than reacting to short-term market fluctuations.

Insights from Bybit EU Leadership

Mazurka Zeng, Co-CEO of Bybit EU, stated, “Integrating USDC and EURC allows us to broaden access to regulated stablecoins while promoting thoughtful and responsible engagement with digital assets.” The inclusion of Earn products focused on saving is intended to further support financial education and long-term participation within a regulated European environment.

Encouraging Responsible Participation

Bybit’s initiative represents a significant step in advocating for how regulated stablecoins could facilitate responsible innovation centered around user needs in Europe. In conjunction with the Earn initiatives, Bybit EU has also opened registration for a trading competition called “Consistency Counts.” With a prize pool of 110,000 USDC, the competition rewards consistent and disciplined trading practices.

As future integrations of Bybit EU's product suite approach, including daily value additions for the Bybit Card, users can anticipate even more practical ways to utilize USDC and EURC on the platform.

Overview of USDC and EURC

Both EURC and USDC are recognized as leading fully reserved stablecoins globally. They operate natively on the internet, utilizing blockchain networks to facilitate near-real-time and low-cost transactions for businesses, developers, and individuals. Furthermore, EURC and USDC comply with the European Union's regulatory framework for crypto-asset markets (MiCA).

Bybit EU's initiative to expand USDC and EURC access marks a major milestone in increasing access to regulated stablecoins in Europe. It supports a diverse range of use cases in trading, saving, and payments. Bybit EU is committed to continuing its support for the stablecoin ecosystem through further campaigns and initiatives, reinforcing its dedication to responsible participation and long-term engagement from its users.

For more information about Bybit EU and its offerings, please visit Bybit's official site.