Cryptocurrency exchange Bybit announced a strategic alliance with Circle, the company behind the USDC stablecoin. According to exchange representatives, the agreement aims to expand USDC's presence within the Bybit ecosystem, increase the asset's liquidity, and strengthen trust in the platform as a market participant that adheres to regulatory standards and transparency principles.
As part of the partnership, the exchange intends to increase USDC liquidity in the spot and derivatives markets, creating more flexible and efficient trading conditions for retail and institutional clients. In parallel, the companies will launch joint programs aimed at expanding the use of the stablecoin in Bybit's products. These initiatives are intended to simplify digital asset transactions and improve the ease of interaction with USDC.
Particular attention is being paid to the integration of fiat instruments: Circle's infrastructure will be connected to Bybit's global services. This step will simplify deposits and withdrawals across various regions, ensuring greater speed and transparency when switching between traditional currencies and crypto assets. Bybit notes that this will make fiat transactions more convenient for all user groups.
The company also plans to expand the presence of USDC in additional services: the Bybit Earn savings product, the Bybit Pay payment instrument, and the Bybit card with cashback features. The exchange also emphasizes its commitment to regulatory requirements and the responsible implementation of new technologies.
Bybit was one of the first companies to join the public testnet of Arc, a blockchain developed by Circle. The platform was launched in the fall of 2025 and is the result of collaboration between a wide range of participants in the financial and technology sectors.
Regulation also plays a key role. Bybit recently received a full virtual asset operator license from UAE regulators, becoming the first international exchange to receive this level of approval in the region. The company has also strengthened its presence in the EEA, Turkey, and other countries, which it believes confirms its long-term commitment to global standards.
Bybit CEO Ben Zhou called the partnership with Circle an important step in developing the exchange's ecosystem, which aims to create a convenient and liquid platform for trading, payments, and savings. Circle CEO Jeremy Allaire, in turn, noted that the partnership facilitates access to USDC and makes its use more secure and faster for all client categories.
The companies intend to continue to deepen their integration, explore cross-chain liquidity opportunities, and offer institutional-grade solutions.