Bybit hosts USDC staking carnival with $100,000 prize pool
Bybit hosts USDC staking with 12% APR and $100K pot
Cryptocurrency exchange Bybit has announced the launch of its USDC Staking Carnival, offering eligible users the opportunity to earn up to 12% APR and compete for a share of a $100,000 USDC prize pool.
The campaign will run through July 13, and is open to both new and existing users who meet the program’s deposit and staking requirements.
The initiative highlights Bybit’s continued efforts to enhance user engagement and adoption of stablecoin-based savings products.
How to participate
Participation in the carnival requires three main steps:
Get USDC: Users must register an account, deposit or trade USDC on Bybit. Only accounts with a minimum deposit of 500 USDC or equivalent tokens within the 7 days prior to staking will qualify.
Stake USDC: Eligible users can stake between 100 and 2,000 USDC in Bybit’s 10-day Fixed Savings plan, earning a competitive 12% APR.
Earn Rewards: After 10 days, stakers receive their principal and interest. Additionally, new users who complete the staking task are rewarded with a 5 USDC APR booster voucher.
All rewards are distributed on a first-come, first-served basis, adding a time-sensitive element to the promotion.
A strategic push toward stablecoin adoption
Bybit’s USDC Staking Carnival comes as centralized platforms aim to differentiate themselves with fixed-income crypto products. With the appeal of high-yield returns and low volatility, USDC staking offers a stable, accessible entry point for both retail and institutional users.
The event could signal broader interest in regulated stablecoin usage, especially as users seek alternatives to volatile digital assets amid market uncertainty.
Recently we wrote Bybit launches ATH Fortune Rush with 30,000 USDT in rewards.
