Bybit users gain access to PIMCO and CMBI-backed fixed income products using idle stablecoins, diversifying income sources from crypto volatility.
Plume and Bybit launched institutional fixed income vaults, allowing Bybit users to deploy idle stablecoins into products backed by PIMCO and CMBI. The vaults include mortgage-backed securities, high-yield corporate bonds, and Asia-Pacific investment-grade bonds, offering returns uncorrelated with crypto markets.
The partnership expands traditional fixed income access to crypto-native investors, addressing demand for yield diversification. Prior offerings in the space have focused on crypto-native yield products, often tied to DeFi protocols or staking rewards.
No immediate market reaction was disclosed in the announcement.