Master stablecoin spread arbitrage on Bybit using USDe & USDtb. Learn how to earn high yields via low-risk leveraged crypto trading strategies.

 have been an essential part of the cryptosphere for more than a decade. Backed by collateral or 

 mechanisms and pegged to an established traditional finance asset, often the US dollar, they offer rate stability in the turbulent world of cryptocurrency. Traditional stablecoins, however, don’t generate yields. Their real value erodes over time due to inflation. 

 have entered the market in recent years to combat this issue.

Yield-bearing stablecoins feature an operational mechanism that allows them to stay pegged to a traditional asset and generate returns on the principal amount. This enables crypto investors to enjoy low-risk returns on their investments.

The yield-bearing nature of these assets also opens up a way to optimize their returns via spread arbitrage, particularly the leveraged version.

In its most basic form, leveraged spread arbitrage allows you to profit from the difference in borrowing and earning interest rates. Bybit offers a great way to earn higher stablecoin yields using this technique. You can borrow funds at lower interest through the margin trading option in your account by using your 

 principal and invest the borrowed amounts for interest in USDe or USDtb, two yield-bearing stablecoins offered by one of the leading 

What are USDe and USDtb, and why do they offer high yields?

The Ethena protocol is among the leading providers of yield-bearing stablecoins in the crypto market. The project’s first and best-known stablecoin, 

, is an algorithmic crypto pegged to USD that uses 

 contracts, to generate yield. ENA calls USDe a synthetic dollar. Thanks to its yield-bearing properties, USDe has been a tremendous market success. As of late May 2025, it ranks fourth among all stablecoins by 

Following the success of USDe, ENA launched 

, another dollar-pegged yield-bearing stablecoin. Unlike USDe, USDtb isn’t based on algorithmic trading strategies. Instead, it is indirectly backed by high-grade, low-risk traditional assets. USDtb is directly based on 

 (BUIDL), which invests in US treasury bills, repurchase agreements and other cash equivalents. As BUIDL generates yield from these assets, it flows over to USDtb, delivering low-risk, institutional-grade returns for the stablecoin’s holders.

While USDe and USDtb feature different models for generating returns — the former via active decentralized trading strategies and the latter via the backing of traditional assets — they are both known as yield-bearing assets. Their typical annual yields range from around 4% to 15%, depending on market conditions.

Spread arbitrage opportunity through interest rate gaps

Spread arbitrage is a trading technique that allows you to earn returns using the difference between borrowing and investing interest rates.

Using spread arbitrage at the most basic level involves borrowing funds at X% APR and investing them in a financial product that generates Y% APR. You earn a profit when Y is larger than X.

USDe and USDtb offer healthy yield opportunities and, under favorable market conditions, can generate yields that may exceed borrowing rates for assets like USDT and USDC. This creates opportunities for spread arbitrage using a combination of these stablecoins.

For instance, you may borrow USDT/USDC for 

 (UTA). You can then buy USDe/USDtb with your borrowed funds to enjoy a potential rate difference between their yields and the interest you pay on your borrowed USDT/USDC. Bybit regularly offers campaigns based on zero fees for swaps between key stablecoin pairs, potentially making your entire spread arbitrage process even more cost-efficient.

An example of a simple version of spread arbitrage involves swapping your USDT/USDC funds to USDe and earning stable returns. This scenario assumes no leverage and, therefore, no borrowing interest to pay. While this is a great way to earn low-risk returns from USDe, it doesn’t maximize the spread arbitrage strategy’s potential.

A more advanced version that delivers potentially higher returns is via the use of leverage. This involves borrowing funds in USDT, or preferably in USDC, which usually features lower borrowing interest, and investing the borrowed funds along with your own principal in USDe to boost the total yield from the stablecoin. For instance, if the USDC borrow rate is 4% and USDe’s APR is 5%, the difference in the rates, 1%, represents your profit.

Let’s review a typical example of how you can benefit from leveraged spread arbitrage, assuming your initial capital is 1,000 USDT and the leverage ratio is 6x.

You start with 1,000 USDT of your own crypto funds.

You then borrow 5,000 USDT, using your 1,000 USDT as collateral. This gives you 6,000 USDT of total capital to use for your spread arbitrage trading.

You take the 6,000 USDT and convert it to USDe. For example, let’s assume that you can earn a USDe yield of 5% annually from the stablecoin — a relatively conservative estimate. 

 USDe on ENA may deliver much higher returns depending on market conditions and the protocol’s performance (USDe’s yield rate as of late May 2025 is 6.2%). Let’s also assume that your borrowed USDT has an interest rate of 4%.

With the assumed yield from USDe of 5%, you earn:

Assuming the 4% interest rate on USDT, you must pay:

Performing spread arbitrage using USDe/USDtb on Bybit gives you multiple benefits:

1. Open a UTA account (if you don’t already have one) and enable margin trading for USDe/USDtb, USDT and USDC.

Set USDe/USDtb, USDT and USDC as collateral.

For the website version, here are the relevant screenshots.

If you use the Bybit mobile app, refer to the screenshots below.

, set 10x leverage, execute a trade to sell 4,000 USDT, or whatever amount you prefer to allocate to spread arbitrage, and borrow 4,000 USDC.

Use the borrowed USDC to buy USDe. Since Bybit offers you a way to earn interest on USDe on the platform, simply hold the borrowed funds in your UTA account to start earning yield.

Track your yields and repayments to see how your spread arbitrage is performing.

If you decide to stop using spread arbitrage, simply sell USDe and repay USDC.

Naturally, just like any other trading strategy, spread arbitrage using stablecoins involves certain risks.

One is the depegging risk. If USDe falls below $1, you may incur magnified losses. For example, with a 5x leverage, a 1% drop in the stablecoin’s rate will result in a 5% total loss.

 is the second type of risk. If yields from USDe drop below the borrowing costs, the entire spread arbitrage strategy will result in a net loss.

Leveraged spread arbitrage using stablecoins is a great way to earn returns with manageable risk. It may be suitable for users comfortable and familiar with the use of margin; traders looking for alternatives to earning yield from staking, 

 and similar DeFi strategies; and those who prefer more passive ways to generate yield from their funds.

However, this strategy is not particularly suitable for beginners, users not comfortable with leverage trading or those skeptical of synthetic stablecoins.

The spread arbitrage strategy described above, along with the examples, does not constitute financial advice. Before applying this strategy in any form, 

Intermediate

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High-yield stablecoin strategy: Mastering USDe/USDtb spread arbitrage on Bybit

This is a thought leadership article written by Mazurka Zeng, Head of Fiat at Bybit.

This post is written by Mazurka Zeng. Mazurka is the Head of Fiat at Bybit.

Stablecoins have become a cornerstone of the digital asset ecosystem, providing a crucial bridge between fiat currencies and the crypto world. 

As Head of Fiat at Bybit, I've seen firsthand how user needs are diversifying, pushing innovation beyond traditional fiat-pegged stablecoins.

Exponential growth in the stablecoin sector

The stablecoin sector is maturing, driven by increasing adoption and regulatory progress, like the 

 the US House Financial Services Committee, with the GENIUS Act 

 to final passage by the US Senate on May 20.

In my role overseeing Bybit's fiat operations, we've integrated stablecoins deeply into our ecosystem. They enable seamless transactions on the 

 platform. Further, they provide yield in 

 and facilitate seamless spending via the 

. This expanding utility fuels the need for a broader range of stable assets.

This growth is undeniable. The market capitalization of fiat-backed stablecoins surged to an all-time high market cap of $248 billion by May 22, 

 with a $151.9 billion market cap, even as it is facing MiCA compliance hurdles in Europe. This dominance, however, prompts a vital question: 

What's next for stablecoins beyond the established fiat-backed giants?

One compelling alternative that is gaining traction is 

. Unlike fiat-backed stablecoins, XAUT is pegged 1:1 to one fine troy ounce of physical gold, securely stored in Swiss vaults and meeting the LBMA Good Delivery standard. This offers users direct digital ownership of gold, combining its historical stability with blockchain efficiency.

Gold has long been valued as an inflation hedge. In 2025, amid ongoing economic uncertainty and geopolitical tensions, XAUT saw significant interest, reflected in its 25% year-to-date price surge. Furthermore, XAUT solves the traditional challenges of physical gold ownership — storage costs and accessibility issues. It allows for fractional ownership (down to 0.000001 troy ounce) and easy, borderless transfers, 24/7.

 markets. The strong user interest confirms a clear appetite for stablecoins backed by tangible, non-fiat reserves, especially during times of market volatility.

Another exciting development is the rise of regionally focused, MiCA-compliant stablecoins. In March 2025, Bybit.NL 

, issued by Quantoz Payments and StablR Limited, respectively. Both are fully backed by fiat reserves (USD) and designed explicitly to meet the EU's rigorous MiCA regulations, offering enhanced transparency and user protection within the European Economic Area (EEA).

, based in Malta, have both secured investment from Tether. Significantly, both issuers leverage Tether's new 

, designed to streamline the issuance and management of regulated digital assets. This backing signals strong confidence in these newcomers and their potential to foster compliant stablecoin adoption in Europe.

The stablecoin market is clearly diversifying. Gold-backed options like XAUT could increasingly appeal to those seeking stores of value outside the traditional USD-dominated financial system. Their stability profile offers a different kind of hedge compared to fiat-pegged tokens.

Simultaneously, MiCA-compliant, locally issued stablecoins like USDQ and USDR are poised to bridge traditional finance and crypto within Europe more effectively. Their regulatory clarity may foster greater trust among users and institutions, facilitating seamless digital euro and dollar transactions across the region.

At Bybit, our focus remains on empowering users. We're committed to providing a wide array of stablecoin options — from established leaders to innovative newcomers like XAUT, USDQ and USDR. By offering diverse assets and supporting regional compliance efforts, we aim to provide the tools users need to navigate the evolving digital economy confidently.

In a world where trust and flexibility are key, stablecoins must do more than just hold value — they must create value. At Bybit, we’re proud to be shaping that future.

Beginner

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Stablecoins beyond USDT: Exploring the potential of XAUT and newcomers USDQ & USDR

Elon Musk confirmed that X Money, a peer-to-peer payments feature for the X platform, will launch soon in a limited beta.

The S&P 500 rebounded in futures trading after Trump delayed a 50% EU tariff to July 9, easing trade tensions. Gold rose 0.08% to $3,317 per ounce on Tuesday, supported by a 0.20% drop in the US dollar and concerns over the growing US fiscal deficit. Gains were capped by weak domestic demand. The Coindesk Indices, which tracks the broader crypto market, fell 1.13%, with Bitcoin up 1.28% and Ether down 0.51%, in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is KAITO, up 7.2% after Huma Finance launched the $HUMA airdrop and staking program for Kaito ecosystem participants.

Kaito (KAITO), founded in 2022, is a $1,099/month AI-powered crypto search engine that aggregates data from web3 sources like Twitter, Discord, and forums, using advanced AI to deliver context-rich, sentiment-filtered insights. Huma Finance has 

 the $HUMA claim for top Kaito AI yappers and active ecosystem users, distributing 10bps of supply to each group. Eligibility requires past engagement and specific holdings, like 100+ sKAITO or YT KAITO. Staking is also live, offering rewards, feathers, and Vanguard status for long-term holders, with no lockup. Season 1 and 2 will distribute additional rewards over the next 3–6 months.

Check out the latest prices, charts, and data of 

, a peer-to-peer payments feature for the X platform, will launch soon in a limited beta. While it will allow debit card-linked transactions via Visa, there’s still no mention of crypto support—disappointing Dogecoin fans. Musk emphasized caution due to the involvement of users' savings.

With markets closed for Memorial Day on May 26, Bitcoin spot ETFs recorded no activity. 

, allocating 10bps to the top ~500 Kaito yappers and 10bps to active users in the Kaito ecosystem. Eligibility requires holding 100+ sKAITO or YT KAITO and a linked SOL wallet. Two more drops are planned in Seasons 1 and 2, with rewards increasing to 12.5bps for yappers and 2.5bps for the ecosystem, plus extra for those staking $HUMA and $KAITO.

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Elon Musk confirms X Money beta launch

Explore key similarities and differences in using technical analysis (TA) for stocks vs. crypto, and how to adapt popular indicators for crypto trading.

 (TA) is a significant component of modern trading. The term refers to a body of analysis methods and indicators used to forecast future market movements based on past price and volume data.

In the stock market, TA indicators like support and resistance levels, Bollinger Bands, chart patterns and moving averages have been used successfully for decades. Many crypto traders apply the same TA methods to predict the prices of cryptocurrencies. However, due to the inherent differences between stocks and crypto, applying these methods to crypto trade directly may not be as straightforward as it seems.

In this article, we’ll explore which common TA indicators might work for crypto, at least with certain adjustments, and which might mislead you when applied in the unique world of cryptocurrency.

 are among the key concepts in TA. A support level is a price point at which a downtrend is widely expected to halt, while a resistance level is a price point at which an asset’s uptrend is expected to fizzle out. Traders expend considerable effort to identify likely support and resistance levels for a stock or cryptocurrency, considering factors like the asset’s overbought and oversold indicators, orders clustered around a certain price level, previous highs and lows, institutional buying behavior and more.

In both the equities and crypto markets, support and resistance levels can provide valuable insights. These levels are often more predictable in the stock market thanks to its more established nature, higher liquidity and strong institutional participation. On the other hand, the crypto market’s 

, whale activity, lower liquidity and susceptibility to news and online hype can make estimated support and resistance levels less certain. This is particularly the case with lower-cap altcoins, whereas support and resistance levels are more clear-cut for the top assets, such as 

Despite the lower certainty of support and resistance in crypto trade, both markets conform to the general rules of estimating these levels since they are driven by basic human psychology.

For instance, the round-number bias is a significant determinant of support and resistance. It manifests itself in clear support and resistance points around round numbers, e.g., $70,000 for BTC. Since many investors, particularly less experienced retail players, often think in terms of round numbers — e.g., I’ll buy this asset when it hits $70,000 — there tends to be clear order clustering around these points. The flurry of orders at or very near round numbers tends to provide support or resistance to the price.

Although support and resistance levels apply to both stocks and crypto, use them more cautiously in crypto as they are less certain. Treat these levels for cryptocurrency TA more like support and resistance zones than precise point estimates. 

 is a major TA indicator represented by a trio of bands plotted on the price chart. The middle band shows the asset’s 20-period moving average (MA), while the upper and lower bands represent two standard deviations above and below the MA, respectively.

In both the stock and crypto markets, Bollinger Bands can inform the trader of several things. For instance, band squeezes may indicate periods of reduced volatility. According to the indicator’s inventor, John Bollinger, these periods are often followed by increased volatility, so a squeeze may signal an upcoming increase in market turbulence. This use of Bollinger Bands is highly applicable in both the stock and crypto markets, as they both have volatility cycles.

Another common use of the bands in both markets is estimating the likelihood of trend continuation. When the price breaks out of the upper or lower band, it signals that the uptrend or downtrend, respectively, will continue. However, the crypto market is more prone to false breakouts, particularly during periods of low volatility and significant whale trading activity.

Large players — institutional investors in equities and whales in crypto — often employ volume-based strategies. These can be analyzed using TA tools like 

 (VWAP) and various volume profile indicators.

VWAP shows the average price ratio to the asset’s total trading volume. Volume profiles are a family of TA indicators that typically show trading volume distributions across price levels.

Large-cap cryptocurrencies and stocks often demonstrate similarities when analyzed using volume-based indicators. For example, a crypto like Bitcoin and a stock like Apple (AAPL) might consolidate near their VWAP. Also, a breakout above VWAP and an increasing volume of trade may signal bullish whale or institutional activity and the continuation of the uptrend.

Chart patterns (head and shoulders, triangles, etc.)

TA patterns are visual formations in price charts that reflect trader psychology and help predict potential future price movements based on historical behavior. Many patterns are used to indicate trend reversals or continuation, as are bilateral patterns, which suggest price movements in either direction. Below are the popular or common patterns:

Bear in mind that the same pattern may be interpreted as either a reversal/continuation or a bilateral signal depending on contextual factors like volume activity and volatility.

High and well-structured institutional activity in the stock market makes patterns more likely to be completed. In contrast, patterns may often fail in the crypto market due to the effects of news and online hype, whale manipulation, lower liquidity, trading bots exploiting patterns early and the lack of defined institutional activity. Therefore, crypto traders are advised to wait for patterns to be confirmed in the expected direction and use supporting signals like volume data and other TA indicators.

 is a TA indicator that shows the average price over a set number of past periods. Its most basic form, the 

(SMA), is based on unweighted averaging of the past periods.

Traders use several more advanced averages — the 

 (EMA) is probably the most common. EMA is based on a weighting procedure that gives more weight to more recent data periods.

In the stock market, the 50-day and 200-day MAs are reasonably reliable trend indicators. Institutional and retail investors respect these indicators, using them to estimate trends and plan their moves. However, the MAs in crypto are often much less reliable due to factors like higher volatility, lower liquidity, more emotion- and hype-driven retail traders, lower institutional activity and the prevalence of short-term high-risk strategy followers. As a result, prices in crypto might move violently well outside of MAs, sometimes multiple times in a single day.

MAs may still provide sound signals to crypto traders, but they must be used with specific adjustments. Treating MAs in crypto as general support and resistance zones is advisable, as is employing higher time frames (e.g., daily or weekly) for better accuracy.

 (RSI) is a primary TA indicator used to assess whether an asset is overbought or oversold.

The RSI value oscillates between 0 and 100 — below 30 indicates an oversold asset and above 70 signals excessive buyer activity.

RSI works reasonably well in the stock market, particularly for large-cap, high-volume stocks, but the applicability of this indicator in the crypto market is less certain.

It’s not unusual for a cryptocurrency RSI to stay in an overbought or oversold territory for extended periods. For instance, a hype-driven altcoin may remain above 70 RSI for a long time, getting pumped and promoted continuously, attracting more and more gigaprofit-chasing individual traders.

Therefore, if you plan to use RSI for crypto trading, be sure to verify its signals using other indicators and consider the broader context.

Using established TA methods may significantly enhance your crypto trading. However, not all methods are highly applicable to the cryptocurrency market.

While you may be able to use support and resistance levels, Bollinger Bands, and volume-based indicators successfully in crypto with certain adaptations, chart patterns, MAs and RSI require more substantial adjustments. You might even omit them from your active analysis toolbox. In any case, combining multiple indicators and using other contextual data to inform your trading moves is always advisable.

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Technical analysis in stocks vs. crypto: Key similarities and differences

Bybit Learn

GameFi

Step App is a move-to-earn app designed to revolutionize the way people manage their personal health.  Find out more about how it works in this article.

Step_App_Tokenomics.png

If the idea of earning money while you move sounds exciting, you might be interested in programs like 

. Step App combines social interaction, exercise, 

 trading to create a unique experience. Does this app actually live up to its promise to let users make money while playing fun games and getting fit? Explore our guide to see how Step App works and learn if it's right for you.

Step App allows you to sign up for an account and download the app onto your phone. Once you're logged in, it passively counts your steps and converts each step into a fraction of a token. These tokens are based on 

 and come in a few different forms. You can then exchange these tokens for cash or use them to buy SNEAK NFTs that may potentially have a higher value. The app has a complex ecosystem that combines a lot of opportunities for fitness, fun and finance.

FITFI is the governance token for the whole Step ecosystem. This token's name is short for the company's motto of "Fitness Finance." In an attempt to make the app as decentralized as possible, FITFI was evenly distributed among all users at the time of the token generation event. People can use FITFI to participate in community decisions. All FITFI holders are allowed to vote on any changes to the ecosystem. FITFI can also be used for purchasing some booster items in the app. In addition to gaining FITFI by signing up for the program, you can also purchase it through various crypto exchanges.

KCAL tokens are the internal currency of the app. These are the tokens that most users need to earn money. KCAL tokens are earned by running or walking while holding a phone that contains the Step App. As you move, you rack up KCAL tokens, and then you can use these tokens to mint new SNEAK NFTs that can be quite valuable. Like FITFI, you can buy and sell KCAL in return for other tokens like ETH and USDT.

Step App is a relatively new M2E project, but it has very lofty ambitions. Currently run by Kirill Volgin, the company aims to bring 

 concepts to the fitness industry. Their hope is to create a blockchain project that can become part of people's everyday lives. The founders' main aim was to create a network where people can interact with each other while combining interests in fitness and decentralized finance (

). They first launched their initial coin offering (

) in April 2022, and since then, the app has attracted a huge number of users.

The founders were inspired by past M2E apps while also wanting to fix potential vulnerabilities they saw with other projects. Unlike most other similar apps, Step App is built to allow third-party collaboration. The 

 can be used by others to build projects with the Step ecosystem. Another big difference is that Step App is more decentralized. Instead of being governed by a set of developers or executives, the app is governed by the community itself.

Earning money with Step App seems fairly simple at first. At the most basic level, the more you move, the more money you earn. This concept is usually easy enough to follow when you first sign up, and then you'll slowly discover some more complex mechanisms that add extra fun to the app.

There are several different rewards associated with Step App. Users can get KCAL tokens by walking, jogging or running. The amount of KCAL tokens you will earn depends on what sort of boosts you have applied to your account. However, before you can start earning crypto, you will have to first purchase SNEAK NFTs. All Step App users can purchase SNEAKs. 

Unlike some other move-to-earn apps, Step App has a lot of different things going on. Their detailed design includes everything from player marketplaces to token staking. Here are the many different types of features you can access by downloading the app on your iOS or Android device.

, which are called sneakers by many Step App players, are a type of NFT available within the game. You can mint these NFTs yourself by staking tokens, received through various loot boxes or you can purchase them on the marketplace. SNEAKs come in a variety of styles and boost types. Different sneakers can increase your KCAL earn rate, give you bonuses for moving at certain speeds or reduce the rate at which your sneakers require repair since they get worn down over time. You can use KCAL to repair them and level them up. SNEAKs are also categorized into different qualities — Common, Uncommon, Rare, Epic and Legendary.

There are a total of four types of SNEAKs you can get — Walker, Hiker, Racer and Coach.

Here's a quick rundown of some common SNEAK attributes:

SNEAKs are one of the most important parts of the app, so it's a good idea to check out the marketplace. On this market, you can buy and sell SNEAK NFTs. The right sneaker can increase your KCAL earning rate by quite a lot, so they can sell for a lot more money on the marketplace. Some players also purchase SNEAKs solely for collectibility. Rare items are very popular among players who want to display unusual SNEAKs on their Step App shelf.

Each time you level up your SNEAK, stats get randomly added to the sneaker. This can be a huge perk if you get something good, but it can also mean your SNEAK ends up looking a little lackluster. Fortunately, if you end up encountering this problem, Step App allows you to 

. When this happens, your sneaker's attributes are set to zero and then leveled back up to their current level. Essentially, this means you get a brand new stat assignment for each level your SNEAK had. The only downside is that this requires you to pay FITFI tokens. Higher-level sneakers with more rerolls in the past cost more to reroll again. The minimum price for a reroll is 0.6 FITFI, but it can go 

To help maintain FITFI value, Step App also encourages users to

 tokens. This involves temporarily locking a set number of tokens so that they can't be traded or otherwise used. You can do this by simply going to the 

 page on the Step App website. This site will guide you through the process of connecting your wallet and choosing how much FITFI you want to stake. There are currently three different pools you can join which let you lock your tokens for two months, six months or 12 months. If you need your FITFI early, you can withdraw them from the pool, 

but do note that this will incur a penalty of 16%.

Why is staking such an exciting feature of Step App? First, it rewards users based on how long you stake your tokens. All the FITFI tokens that Step App charges users who withdraw early are evenly distributed among stakers based on the number of tokens they have staked. In addition to these token rewards, you also enter a lottery to win loot boxes. If you win the lottery, which is drawn twice a month, you can get free SNEAKs, skins, avatar badges and tags.

Keep in mind that Step App is just one small part of a much larger ecosystem. The Step ecosystem is a whole collection of functions and programs that run through the Step network. This network consists of all products that launch on the mainnet of the Step blockchain. One especially exciting function is 

 which lets users stake tokens to support new startups that will run on Step. Another useful part of the ecosystem is 

 which lets people exchange their FITFI for popular tokens such as USDT and USDC.

Step App is just one small part of the company's goals for a financial fitness organization based on web3 concepts. The next area the Step team is tackling is the world of artificial intelligence (AI). 

 is the company's project that uses a proprietary AI to manage a vast selection of user data and provide financial rewards for those who stay fit. The Step App can track your activity and then use its AI system to identify users who are committed to staying healthy. Step 2.0 then lets qualifying users get discounted healthcare insurance through the Step marketplace. This insurance rebate program is still in its early stages, but it provides yet another way for users to earn money while getting fit.

If all of these perks sound exciting to you, it's probably worthwhile to try out Step App for yourself. To get started and earn crypto, you just need to follow these steps.

Of course, anyone interested in Step App will most likely end up comparing it to 

 games were some of the first games to refine the concept of providing crypto to people who take part in physical activity. However, though all three of these apps are in the same genre, they're not identical. There are several things that make Step App stand out.

Both Sweatcoin and Step App are M2E apps that focus on personal fitness and health. However, Sweatcoin doesn't let you adjust your earning rate. At launch, every 1,000 steps earned you a SWEAT token, no matter what you do, but as time passes, SWEAT tokens get increasingly more difficult to mint. This means that more steps are required the next day to mint another SWEAT token. Meanwhile, with Step App, you can strategize and find ways to maximize your KCAL earnings. Furthermore, Sweatcoin makes it a bit trickier to cash out your earnings. You can use your Sweatcoins (in-game currency) to purchase products in the Sweatcoin shop, or you can use them to buy Paypal and Amazon gift cards. 

Meanwhile, STEPN's approach is a little closer to Step App. STEPN is also a gamified app where you can earn and buy NFT sneakers to alter your STEPN earn rate. It also offers a lot of crypto trading options, so you can cash out your rewards directly. There are some differences on the practical side, such as STEPN using the Solana blockchain while Step App uses the Avalanche blockchain, but there are also dissimilarities in how the games are played. Step App gives you more chances to earn crypto by staking tokens or doing other community projects. This lets you begin earning money without having to first invest in pricey NFTs. 

Step App stands out from many other move-to-earn apps because it is part of a thoughtful, carefully-designed project. The company was only founded in 2022, but it has already managed to complete and fully launch the Step App. They've run several successful promotions and have plans to do more Step App community events in the future. So far, the company has done an excellent job of keeping community members updated and sticking to the deadlines they set for themselves.

Keep in mind that Step App is just one part of what the company has set out to do. The app is built on the Step Protocol which can also run a variety of other fitness-related decentralized apps. In the future, the team hopes to add more gamified fitness projects to the 

, so users can also get fit and earn tokens with augmented reality. The company also hopes to collaborate with more third parties, such as healthcare insurance companies, to offer a broader range of services to its communities.

FITFI is a crypto token based on the Avalanche C-Chain blockchain. It has a total supply of 5 billion and a current circulating supply of more than 1.33 billion. At the time of the Step App launch, millions of FITFI tokens were generated. 14% went up for public sale while 15% were given to the team as compensation for their efforts. A further 20% of tokens were reserved for staking, liquidity and incentives, and 30% were allocated to Step App miners. 15% was allocated to marketing, acquisitions and licenses, and the remaining 6% was reserved for partners, advisors and consultants. 

FITFI has many uses within both the Step App game and the Step ecosystem. Holders can vote for various updates and invest in new programs. They can also use FITFI to purchase SNEAK NFTs.

) which started on Apr 11, 2022, FITFI was sold for around $0.0049. Buzz about the app and the fact that Usain Bolt would be its spokesperson generated a lot of interest. In May 2022, FITFI reached an all-time high of $0.73. Since this peak, FITFI price has dropped a lot. However, once Step App officially launched on the mainnet on Dec 1, 2022, FITFI price started to recover. Since then, the price has been mostly stable at around $0.02 with some slight peaks.

All of this movement has caused some disagreement among crypto investors. Though most don't expect the coin to reach its all-time high again, some think it could rise a little more.

 has a positive outlook, with reports that prices could reach $0.0879 by 2025 and $0.122 by 2028. Meanwhile, 

 has a more bearish outlook. It estimates that prices will reach $0.002 by 2024 and decline further in the future. Ultimately, most experts agree that the price will depend greatly on how well Step App does. FITFI doesn't have much staying power on its own, so it will only do well if a lot of people continue to use the app or the Step ecosystem.

FITFI is Step App's most publicly-traded token. In fact, FITFI is on all the big cryptocurrency exchange sites. Options like Bybit let you purchase and hold FITFI whether you use Step App or not. Purchasing FITFI on Bybit is fast and easy. Simply sign up for a Bybit account to start trading the 

Other than trading FITFI, you can also purchase KCAL tokens on crypto exchanges such as Bybit. Likewise, simply create a Bybit account to start trading the 

FITFI was definitely a hot investment last year, but for 2023, a more cautious approach is a good idea. The project FITFI is based on is definitely a very promising one with a lot of potential to outcompete other M2E apps. This may ensure that FITFI remains a useful token for thousands of players. If this is the case, these players are likely to buy FITFI regularly, resulting in more trading volume and a higher price. Price spikes are especially likely to occur when the app runs new community events that attract interest from players and investors.

However, despite being a neat short-term trade, FITFI doesn't have an extremely positive outlook as a long-term crypto investment. Investors who like playing around with M2E tokens have moved on to buzzier games, and there are a lot of other similar products on the market. There's certainly a chance that this crypto might surprise investors, but it's not the type of token that a wise investor would pool all of their money in. As such, it’s important that you do your own research before investing.

Step App is a neat way to earn crypto through exercise. Not only does it help you improve your finances, but you also get the motivation to stay healthy with physical activity. Though the app's KCAL and FITFI tokens aren't likely to skyrocket in price any time soon, they have some unique perks that make them a good choice for creative investors.

Step App (FITFI): Step Into the Future of Fitness with Move2Earn

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