Bybit’s New Collateral: Cashmere-Coated Cash or Crypto Shenanigans? 🐐💸
Cryptocurrency exchange Bybit, the digital equivalent of a party animal, announced on Sept. 19 it’s teaming up with QNB Group (Qatar’s bank) and DMZ Finance to launch QCDT, a DFSA-approved tokenized money market fund (MMF) backed by U.S. Treasuries. Basically, it’s like putting your cash in a gold-plated piggy bank and calling it a crypto asset. 🐷💰


