Bybit’s Megadrop Platform Revolutionizes Crypto Savings with USDT and More

Bybit has launched its innovative Megadrop platform, offering users the opportunity to earn free cryptocurrency tokens through Fixed-Term Savings plans. This new feature eliminates the need for additional token purchases, allowing participants to qualify for airdrops simply by allocating existing holdings of MNT, USDT, USDC, or BBSOL. The dual-reward mechanism combines traditional savings APR with token distributions, scaling benefits proportionally to the amount invested. This development marks a significant step forward in making cryptocurrency savings more accessible and rewarding for users.

Bybit Launches ’Megadrop’ Platform Offering Free Crypto Through Savings Plans

Bybit has unveiled Megadrop, a novel platform enabling users to earn free cryptocurrency tokens by subscribing to Fixed-Term Savings plans. The feature requires no additional token purchases—participants simply allocate existing holdings of MNT, USDT, USDC, or BBSOL to qualify for airdrops.

The dual-reward mechanism combines traditional savings APR with token distributions, scaling benefits proportionally to subscription amounts. Bybit emphasizes the risk-free nature of participation, positioning Megadrop as an accessible gateway for both retail and institutional crypto holders seeking yield opportunities.

Tether Reports $1 Billion Q1 Profit Amid Market Volatility

Tether, the issuer of USDT, disclosed a $1 billion operating profit for Q1 2025 despite a turbulent crypto market. The firm’s U.S. Treasury holdings surged to a record $120 billion, underscoring its dominance in stablecoin reserves.

The quarterly profit marks a sharp decline from the $6 billion reported in Q4 2024, reflecting broader macroeconomic pressures. Tether’s financial resilience contrasts with recent market instability, positioning USDT as a bedrock of crypto liquidity.

Tether Plans U.S.-Focused Stablecoin Launch Pending Legislation

Tether Holdings Ltd., issuer of the $148 billion USDT stablecoin, is preparing to introduce a new dollar-pegged token tailored for the U.S. market. Chief Executive Officer Paolo Ardoino indicated a late 2024 or early 2026 launch window, contingent on final stablecoin regulations.

The proposed product would diverge from Tether’s flagship USDT, which primarily serves emerging markets seeking dollar exposure. "Institutional payment functionality will be critical," Ardoino noted, positioning the offering as a potential competitor to established platforms like PayPal’s CashApp.