Bybit, one of the world’s leading cryptocurrency exchanges, has unveiled a new service enabling direct trading of major global stocks using the stablecoin Tether (USDT), marking a strategic step toward merging digital assets with traditional financial markets.
Stock Trading Without Fiat Onboarding
Announced on Monday, the feature is part of Bybit’s Gold & Forex product suite and allows users to trade high-profile equities—including Meta Platforms (NASDAQ: META), Apple (NASDAQ: AAPL), Tesla (NASDAQ: TSLA), Nvidia (NASDAQ: NVDA), and Amazon (NASDAQ: AMZN)—without the need for fiat currency. Instead, users can execute trades using USDT, a stablecoin pegged to the U.S. dollar.
“Users can now tap into traditional markets like stocks, gold, oil, indices, and forex, without fiat onboarding or leaving the crypto ecosystem,” Bybit said in its statement, highlighting its aim to provide seamless trading across multiple asset classes from a single account.
Bybit emphasized that the move is designed to “unify crypto, stocks, and traditional assets under one roof,” allowing retail and institutional investors to navigate diverse financial markets more fluidly.
Tether and Market Liquidity
Tether, the world’s most widely used stablecoin, plays a central role in this integration. Designed to maintain a constant value backed by dollar reserves, Tether has issued more than $140 billion worth of tokens, per Reuters. Traders frequently use stablecoins like USDT to shift capital between cryptocurrencies or as a bridge to traditional financial systems.
To promote adoption of its new service, Bybit is offering a 50% discount on trading fees for stock transactions made through its Gold & Forex platform from June 2 to June 15.
Platform Growth and Security History
Serving over 70 million users across 160 countries, Bybit initially rose to prominence as a crypto derivatives exchange before expanding into spot markets. It supports a wide array of digital assets, including Bitcoin and Ether, and recently reported a 24-hour trading volume of $40.11 billion.
Earlier this year, Bybit drew attention after a high-profile security breach involving the theft of approximately $1.5 billion in Ether from a cold wallet—an offline storage method generally considered safer. CEO Ben Zhou assured users that all client funds remained secure, and operations continued without disruption. He also confirmed the company’s solvency and ability to absorb the losses.
Bybit’s latest move underscores the growing trend of convergence between decentralized finance and traditional markets, as crypto exchanges evolve to offer broader financial services within a unified ecosystem.
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