Bybit Launches USDC Cashback for Cardholders

Bybit has launched a USDC cashback program for its cardholders on April 18, 2025, globally expanding reward options.

This initiative provides stability in reward options, enhancing Bybit’s appeal amid the fluctuating crypto market, potentially boosting user engagement and transaction volumes.

Bybit Offers 10% Cashback in USDC Globally

Bybit expands its card cashback program by adding USDC, available from April 18, 2025. This provides stable rewards amidst market fluctuations, enhancing its offerings to a broader global audience.

Led by Joan Han, Bybit’s initiative targets a crypto-savvy audience. Cardholders can earn up to 10% cashback, selecting rewards in USDC, USDT, BTC, and AVAX.

USDC Incentive Aims to Boost Bybit User Engagement

With up to 10% cashback, Bybit aims to attract users seeking stable rewards. This could increase transaction volumes and user loyalty, enhancing the platform’s competitive edge.

Financial and regulatory impacts remain to be seen, but historically, stablecoin incentives enhance user engagement. The addition of USDC aligns with trends favoring USD-pegged options. Joan Han, Head of Payments, Bybit, stated, “Adding USDC gives our users a more stable, versatile reward option. We’re committed to growing the card’s value with more flexible features tailored to the needs of a global crypto-savvy audience.”

Bybit Follows Competitors with Stablecoin Rewards Strategy

Previous cashback programs with Crypto.com and Binance showed growth in user engagement. Bybit’s addition of both USDC and USDT is a strategic move in this domain.

Kanalcoin experts suggest Bybit’s action aligns with trends toward stablecoin rewards, potentially increasing transaction activity. These moves may strengthen Bybit’s market position.

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