Bybit and Plasma Team Up to Offer Zero-Fee USDT Transfers with XPL Launch

Bybit and Plasma Join Forces

In a groundbreaking development for the cryptocurrency landscape, Bybit, recognized as the second-largest cryptocurrency exchange globally by trading volume, has entered a strategic partnership with Plasma, a next-generation Layer 1 blockchain tailored for stablecoin transactions. This collaboration signals a pivotal advancement in Bybit's ongoing mission to provide enhanced accessibility, speed, and low-cost options for digital asset transactions.

The partnership's highlight is the listing of Plasma’s native token, XPL, on the Bybit Spot market. Users are now empowered to execute rapid and zero-fee USDT transfers—a move that could drastically change how everyday crypto transactions are facilitated. By harnessing Plasma’s infrastructure, Bybit users can now seamlessly transfer USDT on a network designed specifically for scalability, security, and widespread adoption.

This announcement comes at a crucial juncture in the cryptocurrency sector. Notably, the market for stablecoins has exceeded expectations, ballooning to $283.2 billion. Monthly active users involved in sending stablecoins have also reached an impressive 25.2 million. Furthermore, startup ventures aimed at developing stablecoin infrastructures have secured over $620 million in investment this year, signaling robust growth and innovation in this space.

A Win-Win Campaign: XPL Tokensplash

To commemorate the launch, Bybit is rolling out an engaging community rewards initiative known as XPL Tokensplash. The total prize for this campaign is a whopping 9 million XPL tokens. Kicking off on September 24, new users who complete deposits or trades will have the opportunity to share from a pool of 3 million XPL tokens, with the first 10,000 new participants guaranteed to earn 300 XPL tokens each.

Existing users can also participate starting September 25, by trading at least 500 USDT worth of XPL on the Spot market. These traders will have the chance to claim a portion of a generous 6 million XPL prize pool, with rewards capped at 10,000 XPL tokens per user.

Revolutionizing Transaction Fees with Zero-Fee USDT Withdrawals

Beginning September 29, 2025, Bybit will make a significant change by waiving all network and transaction fees for USDT transfers conducted via Plasma. Users can withdraw funds without the burden of gas costs, though a minimum base withdrawal fee of 2 USDT will remain. This initiative will continue until the designated prize pool is exhausted, setting the stage for a more economical trading experience.

Lucky Draws and Staking Opportunities

Additionally, a Chain-Powered USDT Deposit Lucky Draw will be conducted from September 29 to October 13, 2025. Users who deposit USDT through the Plasma network can earn chances to claim from a reward pool of $100,000 in USDT. Participants will be awarded lucky draw tickets based on their deposit activities, with prizes ranging from 0.5 USDT to a maximum of 100 USDT credited instantly to their accounts.

For users looking to maximize their holdings, Bybit will introduce exclusive staking options running from September 29 to October 29, 2025. Users making a net deposit of at least 100 USDT via Plasma will qualify for a staking pool offering lucrative rewards. New users can earn rewards of up to 100% APR, while others will benefit from varying APRs based on their user categories.

Despite these enticing offers, Bybit emphasizes the inherent risks associated with cryptocurrency trading and recommends that participants engage with caution and seek independent financial guidance when necessary.

About Bybit

Established in 2018, Bybit has grown to serve a community of over 70 million users worldwide, distinguishing itself in the digital asset realm. Bybit promotes a transparent and inclusive environment, focusing heavily on Web3. The exchange collaborates with top blockchain protocols to build robust infrastructures that further advance on-chain innovation, making significant strides in bridging traditional finance with decentralized finance.

For more detailed information, users are encouraged to explore Bybit's Press releases and follow their community via social media platforms.