BitMEX Expands Derivatives Market with BABYUSDT Perpetual Swap as Tether Mints $1 Billion USDT

Cryptocurrency exchange BitMEX has unveiled a new high-leverage trading product, the BABYUSDT perpetual swap, while Tether Treasury continues its aggressive USDT issuance strategy, minting an additional $1 billion. This dual development highlights ongoing activity in the crypto derivatives and stablecoin markets.

BitMEX to Launch BABYUSDT Perpetual Swap with 50x Leverage

BitMEX has announced the launch of a BABYUSDT perpetual swap trading with up to 50x leverage starting April 11, 2025, at 04:00 UTC. This new trading option enhances trading options for its users, allowing them to speculate on the price of BABYUSDT without owning the underlying asset. Perpetual swaps are a popular derivative product in the cryptocurrency market.

Tether Treasury Mints $1 Billion in $USDT

Tether Treasury has issued 1 billion $USDT, valued at around $999.4 million. This move expands the total supply of Tether, the world’s largest stablecoin by market capitalization. As $USDT remains crucial for liquidity in the crypto world, this issuance could impact overall market dynamics. The fresh issuance reflects Tether’s ongoing role in supporting the growing demand for stable digital assets.

Tether’s Tight Grip: Why USDT Dominates the $235 Billion Stablecoin Market in 2025

Stablecoins are a special type of cryptocurrency designed to hold a steady value, usually matching a traditional currency like the US dollar. They act like digital dollars, providing a stable anchor in crypto markets. USDT, issued by Tether, leads this crucial market, making it an essential tool for traders, businesses, and individuals worldwide. People use USDT to buy and sell other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH), move funds across borders quickly, participate in decentralized finance (DeFi) applications, or simply park their money digitally without facing the price swings common to other crypto assets.