Bybit Card Enhances User Experience With New USDC Cashback Option

Bybit Card Introduces Exciting USDC Cashback Feature

In a significant move to enhance its offerings, Bybit—the world's second-largest cryptocurrency exchange by trading volume—has announced that its cardholders can now earn cashback in USDC, one of the leading USD-denominated stablecoins. This addition not only diversifies the cashback options but also enhances the overall customer experience for users of the Bybit Card.

Launched on April 18, this new feature enables Bybit Card holders to earn cashback of up to 10% on their daily spendings, with a maximum potential rebate of $150 depending on the user's VIP level. Cardholders will receive a virtual card that is compatible with both Apple Pay and Google Pay, ensuring seamless transactions.

A Step Towards Financial Flexibility

The introduction of USDC as a cashback option aligns with Bybit's objective of catering to its diverse customer base, allowing them to prioritize stable returns from their crypto investments. Joan Han, the Head of the Payment Business Unit at Bybit, emphasized the importance of creating an inclusive experience. “The Bybit Card is about crafting an inclusive experience for our diverse customers,” she said, highlighting the company's commitment to expanding reward options as the card's usage grows.

With over 1.7 million cards issued worldwide, the Bybit Card has become a popular choice among crypto enthusiasts, offering a versatile platform for users to manage their digital assets. The card's features include not only cashback but also an impressive Annual Percentage Yield (APY) of up to 8%, allowing users to earn while they spend.

Cashback and Reward Benefits

The cashback feature in USDC greatly simplifies the process of redeeming crypto rewards. USDC is notable for being fully backed by cash and cash-equivalent assets, and it can be seamlessly transferred across borders with minimal cost, offering an attractive option for users who frequently transact internationally. Moreover, since USDC is available 24/7, cardholders can effortlessly send, spend, or save their earnings whenever they choose.

Key Features of the Bybit Card

1. Instant Virtual Card: Users receive a versatile card instantly that works with Apple Pay and Google Pay.
2. Crypto Convenience: Spend in crypto and withdraw cash from any ATM worldwide that supports Mastercard.
3. No Annual Fees: The card comes with no annual fees while offering users various perks, including cashback.
4. Exclusive Partnerships: Cardholders can access rebates on selected partners such as Netflix and enjoy perks at significant events like Tomorrowland Brasil 2025.
5. Multi-Asset Support: Besides USDC, users can also earn cashback in USDT, BTC, and other cryptocurrencies including AVAX, etc.

Conclusion

Bybit's innovative approach with the new USDC cashback option reflects the platform's dedication to creating a user-friendly financial ecosystem. It not only signifies the growing trend of integrating stablecoins into everyday transactions but also paves the way for broader adoption and innovation in the cryptocurrency space. As cryptocurrencies continue to evolve, offerings like the Bybit Card highlight the potential for using digital assets in practical, everyday applications. Users interested in exploring the Bybit Card and its benefits can sign up at Bybit.com, where they can also keep up with future developments and rewards.

For more detailed information about the Bybit Card and the specific terms of service, visit Bybit’s official website.