Bybit’s USDT-Focused P2P Campaign in Mexico Offers 12,500 USDT in Rewards
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has launched a new peer-to-peer (P2P) campaign titled 'Mexico in USDT Mode,' specifically targeting Mexican users. The initiative promises a total of 12,500 USDT in rewards, distributed between new and existing participants. New users who deposit at least 100 USDT via Bybit P2P will receive a 20 USDT coupon, while existing users can earn 5 USDT per qualifying order, with certain caps in place. This campaign underscores Bybit's commitment to expanding its footprint in Latin America and promoting the adoption of USDT as a stable and reliable digital asset. The move is expected to attract a significant number of users, further solidifying USDT's position in the Mexican cryptocurrency market. As of August 2025, this initiative highlights the growing importance of stablecoins like USDT in facilitating seamless and secure transactions across borders.
Bybit Launches P2P Campaign in Mexico with 12,500 USDT in Rewards
Bybit, the world's second-largest cryptocurrency exchange by trading volume, has unveiled 'Mexico in USDT Mode,' a peer-to-peer (P2P) campaign targeting Mexican users. The initiative offers a total of 12,500 USDT in rewards, split between new and existing participants.
New users depositing at least 100 USDT via Bybit P2P will receive a 20 USDT coupon, while existing users can earn 5 USDT per qualifying order, capped at four transactions. The campaign runs through September 10, 2025, with rewards distributed within 10 working days post-event.
'This is a celebration of our commitment to the Mexican crypto community,' said Diego Silva, P2P Operation Manager at Bybit. The exchange emphasizes secure, user-friendly P2P trading as a cornerstone of its strategy.
Coinbase Revives USDC Liquidity Fund to Compete in DeFi Dominated by Tether
Coinbase has relaunched its Stablecoin Bootstrap Fund, targeting increased liquidity for USD Coin (USDC) across major decentralized finance protocols. The initiative aims to bolster USDC's market position against Tether (USDT) while supporting DeFi lending and trading platforms.
Phase one will deploy USDC to Ethereum-based Aave and Morpho, alongside Solana's Kamino and Jupiter. Coinbase Asset Management will oversee the deployments, focusing on stable interest rates across both mature and emerging DeFi ecosystems. The exchange's history with the fund—including $1 million allocations to Compound and DYDX in 2019—proved instrumental in USDC's early DeFi adoption.
The MOVE underscores Coinbase's dual strategy: nurturing fledgling projects while reinforcing USDC's foothold in a stablecoin market where Tether commands a 69% dominance. Though the revived fund's size remains undisclosed, its reactivation signals aggressive steps to reshape stablecoin dynamics in DeFi.
TRON Emerges as Dominant Liquidity Hub for Ethereum-Based USDT
TRON has solidified its position as the primary liquidity conduit for Ethereum-based USDT in 2025, with bridging activity reaching unprecedented levels. The network now processes $9.9 billion in USDT transfers year-to-date—a 76% surge from 2024—as capital flows overwhelmingly from ethereum to TRON with minimal reverse movement.
Tether's stablecoin dominates this one-way migration, leveraging TRON's low-fee environment and rapid settlement times. The blockchain now commands the lion's share of global USDT transactions and supply, effectively becoming a liquidity sink for Ethereum-originating assets.
The imbalance is striking: while billions flow into TRON, only $2,000 in USDT and $700,000 in TRC-20 tokens have returned to Ethereum this year. This asymmetric activity underscores TRON's growing role as a settlement layer for stablecoin transactions across the crypto ecosystem.
