Sign Up NowChanges to USDC Collateral Value (UTA/UMA)
Mar 11, 2023
Disclaimer: This is a general announcement. Products and services referred to here may not be available in your region. Please refer to T&C for more details.
In light of increased USDC price volatility, Bybit will no longer use a fixed 1 USDC : 1 USD value for USDC collateral under Unified Trading Accounts / Unified Margin Accounts, effective Mar 11, 2023 at 2PM UTC.
Following the adjustment, the collateral value of USDC will be dependent on the market price of USDC.We recommend users to reduce any liquidation risks by adding more collateral, reducing outstanding liabilities, etc. before the date mentioned above.We seek your understanding for any inconvenience caused.
Thank you for your continued support.
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