Bybit safeguards your collateral assets (USD/T-BILL) through regulated banking partners, while enabling you to obtain USDT financing on Bybit.
Product Highlights
- Enhanced Asset Security - Your USD and TBILL collateral assets are held with regulated banking partners, providing enhanced protection for your funds.
- Yield on Collateral - By holding T-Bills, you may continue earning stable government bond yields while maintaining collateral security.
- Improved Capital Efficiency - Borrowed funds are credited directly to your Unified Trading Account (UTA), allowing you to quickly access Spot, Margin, Perpetual, and Options trading.
Product Details
Bybit’s collateralized loans details are as follows:
Product
| Bank Triparty |
Loan Token | USDT |
Borrowing | Please contact your Institutional Account Manager to apply, or send an email to institutional_services@bybit.com.
Loan disbursement is only supported to the Risk Unit UID and can only be credited to the Unified Trading Account (UTA). |
Repayment | Please contact your Institutional Account Manager to apply, or send an email to institutional_services@bybit.com.
Loan repayment is only supported through the Risk Unit UID and must be made from the Unified Trading Account (UTA). |
LTV Ratio | 1 : 0.85 |
Collateral Asset | USD ：cash asset T-BILL：U.S. Treasury Bills |
Risk Management | Asset Health Rate Requirement (AHR) (UTA Asset Value of the Specified Asset − Outstanding Liabilities) ÷ max (Adjusted Bank Collateral Value, Outstanding Liabilities) ≥ 15%
Specified Assets USDT、USDC、BTC、ETH、XRP、SOL、MNT、TRX、DOGE、ADA、BNB
Minimum AHR Requirement The platform reserves the right to require partial or full loan repayment if the AHR remains below 5% for 96 consecutive hours.
Risk Unit - Up to 200 UIDs can be bound under a single Risk Unit.
- Only one Risk Unit is supported per account structure.
- All UIDs must belong to the same master-sub account hierarchy.
- Each Risk Unit must assign a primary UID, which may be either a master account or a sub-account.
When the Transfer Ratio < 15% - Transfer Restriction: Transfers of collateral assets from the Unified Trading Account (UTA) within the Risk Unit to other accounts will be restricted. Other accounts refer to Funding Accounts or any accounts outside of the same Risk Unit.
- The maximum transferable amount is determined by the account’s Transfer Ratio. When the Transfer Ratio is above 15%, excess collateral assets within the Risk Unit may be transferred out of the Risk Unit, provided that the Transfer Ratio does not fall below 15% after the transfer.
Transfer Ratio = (Haircut adjusted UTA Collateral Value − Liability Value) ÷ max (Haircut adjusted Bank Collateral Value, Liabilities Value)
Risk Ratio (LTV) The Risk Ratio of a Risk Unit is calculated as follows: Loan-To-Value Ratio (LTV) = Outstanding Principal ÷ Haircut adjusted Bank Collateral Value
Where:
Outstanding Principal = The USD-equivalent value of all borrowed and outstanding USDT liabilities within the Risk Unit. Haircut adjusted Bank Collateral Value = Haircut adjusted value of USD Assets held in the Bank + Haircut adjusted value of T-BILL Assets held in the Bank
Initial LTV: 85% The Initial Collateral Ratio represents the minimum collateral value required relative to your borrowing amount when the loan is initiated.
Margin Call LTV: 87% The Margin Call Collateral Ratio indicates that your loan position is approaching the liquidation threshold. When this ratio is reached, the system will issue a margin call notification to remind you to manage your account risk.
Liquidation LTV: 90% If your Collateral Ratio reaches the liquidation threshold, the system will immediately initiate liquidation and use the collateral assets to forcibly repay the outstanding loan. A liquidation fee equivalent to 2% of the outstanding liabilities will also be charged.
Liquidation When the LTV Ratio reaches or exceeds 90%, the repayment and liquidation process will proceed as follows: - Available assets in the Unified Trading Account (UTA) will first be used for repayment.
- If the Risk Ratio remains above 90% after repayment, the system will notify both the bank and the user, and initiate the bank collateral settlement process.
Liquidation Fee = Outstanding Liabilities × 2% |
Restriction | Institutional Loans is not available for use. |
Collateral Asset Haircut
Collateral Asset | Collateral Ratio | CVR (USDT Value) |
Lower Bound | Upper Bound |
USD | 95.00% | 0 | 2,000,000 |
90.00% | 2,000,000 | 5,000,000 |
0.00% | 5,000,000 | ∞ |
T-Bills | 95.00% | 0 | 1,000,000 |
90.00% | 1,000,000 | 3,000,000 |
0.00% | 3,000,000 | ∞ |
