Cryptocurrency exchange Bybit has announced the integration of the $USD1 stablecoin on the Aptos blockchain. This new feature allows users to deposit and withdraw $USD1 directly on the Aptos network without incurring any transaction fees, a move designed to improve transfer efficiency and lower costs for its customers.

The integration leverages the Aptos infrastructure to provide fast and secure transfers. By eliminating gas fees for these specific transactions, Bybit aims to make participation in Decentralized Finance (DeFi) more affordable and accessible. The collaboration is expected to expand the use cases for stablecoins within the broader decentralized ecosystem and provide a more streamlined experience for users managing their digital assets.

$90,000 Lucky Draw to Boost Engagement

To promote the new integration, Bybit has introduced an incentive program for its users. Customers who deposit or withdraw $USD1 using the Aptos network will be eligible to participate in a lucky draw with a prize pool of $90,000 in $USD1. This initiative is part of the exchange’s effort to reward community participation and enhance functionality for its users in the Web3 space.