BitMEX Launches fjUSDT for Zero-Fee DeFi Yield Access
BitMEX will list fjUSDT, Fija Finance’s yield-bearing USDT token, on October 23, 2025. Traders can convert USDT to fjUSDT via BitMEX Convert with zero fees. The ERC-4626 vault token tracks the USDT Yield Master Strategy, deploying liquidity on Curve and Convex. Rewards in CRV and CVX are auto-sold and reinvested, with a 90-day rebalance and safety safeguards against stablecoin depeg and pool overexposure. Users earn 75% of generated yield and share a $15,000 USDT prize pool for early conversion. This integration offers secure, “set-and-forget” DeFi yield access within BitMEX, marking a major step toward centralized DeFi product adoption.
Bullish
The BitMEX listing of fjUSDT is bullish for the token. In the short term, zero-fee conversion and a $15,000 USDT prize pool will drive trading volume and demand. In the medium to long term, integrating an audited ERC-4626 vault into a major exchange boosts institutional confidence and broadens access to automated DeFi yield. The auto-compounding strategy, safety safeguards, and clear yield share (75%) make fjUSDT attractive to yield-seeking traders, supporting sustained buying pressure.