u.today
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a promotional $USDC campaign as the latter becomes the first stablecoin to be officially approved by the EU.
The campaign started on July 24 at 10:00 a.m. UTC and will run until Aug. 22.
Bybit will offer various promotions, like airdrops, lucky draws and high $APR, on $USDC staking.
New users get a 10 $USDC airdrop for purchasing 100 $USDC through P2P and Fiat Deposit. The campaign also includes lucky draws, with 30,000 $USDC in rewards, where engaging in deposit activities increases winning chances.
"$USDC's approval by the EU is not just a regulatory win; it's a step forward in securing a stable and reliable digital economy. Our campaign is tailored to give extra opportunities to clients who use USC and encourages a deeper understanding and utilization of this pivotal asset," said Joan Han, sales and marketing director at Bybit.
Participants need to make a net deposit of at least 200 $USDC and trade a minimum of 1,000 $USDC in spot pairs or futures contracts. Successful traders can share a grand prize pool of 60,000 $USDC.
Additionally, new users can enjoy 500% $APR on $USDC staking for the first three days.