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DUBAI, UAE, July 25, 2025 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is reporting significant progress in its strategic partnership with EthicHub, a project supported by Blockchain for Good Alliance (BGA), focused on improving financial inclusion and market access for small holder coffee farmers.
During ETHCC week in Paris, Ben Zhou, Co-founder and CEO of Bybit met with EthicHub co-founders Jori Armbruster and Gabriela Chang Valdovinos to review the impact of Bybit's $1 million liquidity investment, announced earlier this year. The collaboration aims to empower rural communities through decentralized finance and sustainable trade opportunities.
Driving Growth Through Blockchain Solutions
Bybit's $1 million liquidity investment is already fueling measurable results. To date, EthicHub has facilitated more than $5 million in loans across its network, maintaining a default rate below 3 percent, fully covered to protect lenders. The platform has also enabled the sale of over 300 tons of coffee, generating more than $2 million in revenue, and directly supporting more than 10.000 coffee farmers in LATAM.
So far, 40 percent of Bybit's investment has been deployed in two high-impact projects:
- Cosechando Riqueza (Chiapas, Mexico): supported 25 families cultivating 70 hectares of high-quality coffee, promoting agroforestry in regions historically affected by violence.
- Costal Campesino (Cauca and Nariño, Colombia): helped 22 families producing "Café de Paz," or Peace Coffee — a sustainable alternative for former guerrilla fighters transitioning from coca cultivation to coffee farming.
Coffees from these projects are expected to reach European markets starting in August, with a projected increase in sales beginning in September. Shipments of these coffees to Europe are scheduled to begin in August, with sales projected to reach approximately $1.3 million in the months ahead.
"EthicHub's model is a powerful example of how blockchain technology can create real economic opportunities and resilience for farming communities that have long been underserved," said Freya Chen, Executive Director at the Blockchain for Good Alliance (BGA). "The results we're seeing — millions in loans, strong repayment rates, and growing coffee sales — prove that decentralized finance can deliver measurable benefits on the ground."
#Bybit / #TheCryptoArk / #BGA
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
About EthicHub
EthicHub is a decentralized crowdfunding platform designed to connect smallholder farmers in emerging economies with ethical lenders and conscious roasters worldwide. Using blockchain technology, EthicHub offers fair credit and market opportunities to communities underserved by traditional financial systems.
For more information, visit https://ethichub.com.
DUBAI, UAE, July 25, 2025 /PRNewswire/ -- Bybit, the world's second-largest cryptocurrency exchange by trading volume, is reporting significant progress in its strategic partnership with EthicHub, a project supported by Blockchain for Good Alliance (BGA), focused on improving financial inclusion and market access for small holder coffee farmers.
During ETHCC week in Paris, Ben Zhou, Co-founder and CEO of Bybit met with EthicHub co-founders Jori Armbruster and Gabriela Chang Valdovinos to review the impact of Bybit's $1 million liquidity investment, announced earlier this year. The collaboration aims to empower rural communities through decentralized finance and sustainable trade opportunities.
Driving Growth Through Blockchain Solutions
Bybit's $1 million liquidity investment is already fueling measurable results. To date, EthicHub has facilitated more than $5 million in loans across its network, maintaining a default rate below 3 percent, fully covered to protect lenders. The platform has also enabled the sale of over 300 tons of coffee, generating more than $2 million in revenue, and directly supporting more than 10.000 coffee farmers in LATAM.
So far, 40 percent of Bybit's investment has been deployed in two high-impact projects:
- Cosechando Riqueza (Chiapas, Mexico): supported 25 families cultivating 70 hectares of high-quality coffee, promoting agroforestry in regions historically affected by violence.
- Costal Campesino (Cauca and Nariño, Colombia): helped 22 families producing "Café de Paz," or Peace Coffee — a sustainable alternative for former guerrilla fighters transitioning from coca cultivation to coffee farming.
Coffees from these projects are expected to reach European markets starting in August, with a projected increase in sales beginning in September. Shipments of these coffees to Europe are scheduled to begin in August, with sales projected to reach approximately $1.3 million in the months ahead.
"EthicHub's model is a powerful example of how blockchain technology can create real economic opportunities and resilience for farming communities that have long been underserved," said Freya Chen, Executive Director at the Blockchain for Good Alliance (BGA). "The results we're seeing — millions in loans, strong repayment rates, and growing coffee sales — prove that decentralized finance can deliver measurable benefits on the ground."
#Bybit / #TheCryptoArk / #BGA
About Bybit
Bybit is the world's second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit's Communities and Social Media
Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube
About EthicHub
EthicHub is a decentralized crowdfunding platform designed to connect smallholder farmers in emerging economies with ethical lenders and conscious roasters worldwide. Using blockchain technology, EthicHub offers fair credit and market opportunities to communities underserved by traditional financial systems.
For more information, visit https://ethichub.com.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Bybit's $1M EthicHub Investment shifts 100 tons of LATAM coffee to higher-value markets
SHANGHAI, Jan. 16, 2026 /PRNewswire/ -- USI announces that its wholly-owned subsidiary, Universal Optoeletronics Co., Ltd., completed the acquisition of a controlling stake in EugenLight Technologies.
USI is actively expanding its presence in the optical communications field by collaborating with upstream and downstream partners in the industry chain to establish comprehensive capabilities from design to mass-production. The company aims to secure a position at the core of the global optical interconnect ecosystem, leveraging synergies with its parent company ASE Holdings to jointly build a leading advantage in the optoelectronic packaging and testing sector, which will enable USI to capture new opportunities in rack-level system integration for data centers.
EugenLight Technologies, founded in October 2016, is a high-tech enterprise specializing in the research, development, manufacturing, and sales of high-data rate optoelectronic components and optical engines. Drawing upon its leading technological capabilities and product reliability, the company has become a strategic partner to several top-tier optical transceiver vendors, with its flagship products in the core supply chain of global optical communication industry.
EugenLight is among the pioneers in developing silicon photonics integration technology. In recent years, the demand for high-density, low-power optical interconnects in AI data centers has accelerated the evolution of silicon photonics interconnect technology, driving strong demand from major new customers. The company's optoelectronic integration technology is also applicable in emerging areas such as space optical communications, LiDAR, and photonic computing, implicating significant potential for business expansion.
Upon closing of the transaction, EugenLight's management team will remain in place, ensuring continuity and to strengthen its relationships with existing clients, suppliers, and partners, while tapping into new markets and expanding client base. This transaction will broaden USI's optical communications product offerings and enhance its capabilities matrix to better serve top-tier clients. Harnessing USI's industry chain and client resources, EugenLight is poised to accelerate its growth.
Dr. Simon Xu, chairman of EugenLight, said, "Since the creation of EugenLight almost a decade ago, we have stayed committed to developing optoelectronic integration technologies and products. Today, as the tide of generative AI presents magnificent opportunities for optical interconnects, we are determined to become part of USI, aiming to be empowered by USI's global platform, expanding global manufacturing capacity and client base, strengthening the supply chain, and thereby accelerating the success of EugenLight. Our focus persists in advanced optical interconnect technologies and products including NPO and CPO. We anticipate our integration into USI's global service and quality systems, in pursuit of becoming the most trusted technology partner for global clients."
Jeffrey Chen, Chairman of USI, stated, "USI's innovative businesses in the data center sector cover three major areas: computing/accelerator boards, optical interconnects, and high-voltage direct current (HVDC) power supply. By continuously driving industry resource integration, USI has established itself as a leader through technological evolution. EugenLight Technologies' integration into USI marks a significant milestone in the development of USI's optical interconnect business. With strong technical expertise and an excellent reputation among clients, EugenLight will play a key role for USI's growth in this field. USI will fully support EugenLight in scaling up and becoming a global brand in optical interconnect and optoelectronic applications."
Looking ahead, USI will capitalize on its advantages as a listed company and continue investing in and consolidating the optical interconnect industry, aiming to be established as a key member and trusted partner within the global optical interconnect ecosystem.
About USI (601231.SH)
USI, Universal Scientific Industrial (Shanghai) Co., Ltd., is a global leader in electronic design and manufacturing as well as a leader in the field of SiP (System-in-Package) technology. USI has 30 production and service locations across four continents of Asia, Europe, Americas, and Africa, and offers customer diversified electronic products with D(MS)2 product services: Design, Manufacturing, Miniaturization, Industrial software and hardware Solutions, and material procurement, logistics and maintenance Services. USI is a subsidiary of ASE Technology Holding Co., Ltd. (TWSE: 3711, NYSE: ASX). To learn more, please visit www.usiglobal.com or engage with us on LinkedIn and YouTube.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
USI Subsidiary Universal Optoelectronics Acquires Controlling Stake in Eugenlight Technologies, Advancing Optical Interconnect Industry Integration
