What is USDe
USDe is a synthetic dollar that provides the crypto-native scalable solution for “money”. This is achieved by delta-hedging Bitcoin, Ethereum, and Solana spot assets using perpetual and deliverable futures contracts, as well as holding liquid stables such as USDC, USDT, and USDtb.
The backing assets of USDe generate revenue by earning funding from the hedging perpetual contracts as well as from rewarding stablecoins.
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Attractive rewards
Enjoy up to 6.64% annualized returns.
No lockup required
Enjoy daily profits without staking or lock-ups.
Capital Efficient
Maximum flexibility with a CVR of 80% .
USDe Overview
Current APR
6.64%
Current USDe price
1 USDe ≈ 0.9998 USDT
Last updated: 2026-07-12 21:21 (UTC)CVR
80%
Historical APR
7D
30D
180D
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How to Participate
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Get USDe
Get at least 0.01 USDe in your Bybit account.
Buy USDe
Hold and earn
Start earning with USDe as soon as tomorrow—just hold it for a day. Trade with it anytime to boost your capital efficiency and returns.
Yield Distribution
Daily earnings, including Subaccount earnings, go to your Funding Account at 6AM UTC.
FAQ
How does Bybit USDe mint/redeem work?
How do I obtain USDe?
Where do USDe rewards come from?
Are there any fees for minting/redeeming USDe?
What are the risks of USDe?
Terms and Conditions
- This event is only open to users eligible for Savings services and may not be available, or may be restricted, in certain jurisdictions or regions or to certain users, depending on legal and regulatory requirements. These regions include, but are not limited to, China Mainland, France, Hong Kong, India, Kazakhstan and Uzbekistan. Please note that participants from Service Restricted Countries are not eligible to participate in this event.
- Islamic accounts are not eligible to participate in the event.
- Users must complete Identity Verification Lv. 1 to participate.
- Institutional Users are eligible to participate.
- The daily income earned by a single user will be calculated based on the ratio of the user's USDe holdings to the total USDe holdings of all qualified participants on Bybit.
- Hourly snapshots include USDE balances held in Main Accounts, Sub-accounts, Trading Bots, and Unified Trading Accounts. The following are excluded from snapshot calculations: USDE held in Flexible Savings or Fixed Savings products; USDE borrowed via Crypto Loans, UTA Loans, or Spot Margin; and USDE held in Copy Trading Pro Sub-accounts.
- All participating users must strictly follow the Bybit Terms of Service. Bybit reserves the right to disqualify any participants who engage in dishonest or abusive activities during the event, including bulk-account registrations to farm additional bonuses, reusing chain funds and any other activities in connection with unlawful, fraudulent or harmful purposes.
- Bybit reserves the right to modify the terms of this event without notifying users in advance.
- Bybit reserves the right of the final interpretation of this event. If you have any questions, please contact our Customer Support team.