**Bybit Launches USDC Campaign Amid Regulatory Approval**

Bybit, the world's second-largest cryptocurrency exchange by trading volume, has introduced a 30-day campaign to promote USDC, the first stablecoin to receive EU approval. Running from July 24th to August 22nd, the campaign features airdrops, lucky draws, and high-yield staking opportunities aimed at enhancing user engagement and promoting USDC's stability.

New users can receive a 10 USDC airdrop by purchasing 100 USDC through P2P and Fiat Deposit. Additionally, a trading challenge offers a 60,000 USDC prize pool for traders meeting specific deposit and trading requirements. Bybit also offers an impressive 500% APR on USDC staking for the first three days for new users.

Despite these incentives, the broader market outlook remains pessimistic. Regulatory uncertainties and market volatility continue to pose significant challenges. While Bybit's efforts to bridge Web2 and Web3 are commendable, the long-term impact on user engagement and market stability remains uncertain.