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October 11, 2025, 06:27:40 AM |
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Bybit just got a full license from UAE's authorities to operate virtual asset services across the country. It is also integrating QCDT, which is a tokenized money market fund. So basically, people can turn investments in government debts, short term lending, etc, into a token that can be traded and tracked on a Blockchain. QCDT will be accepted as collateral on Bybit so people can use it as loan security when they burrow or unlock capital.
Having UAE authorities license Bybit gives it legal coverage. It is a big move as it addresses the issues of scam, unclear rules & worries about security that comes along with cryptocurrency. Users & institutions will feel safe. QCDT is backed up by the US treasuries. This means that one can take an asset everyone trusts and put it into the Blockchain world while still keeping much of it's real world safety. Even institutions with lots of money in traditional finance can now invest in cryptocurrency without fear of losing everything.
So, what are your thoughts on this new improvement ?
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