Bybit and Circle Announce Strategic Partnership to Boost USDC Adoption Worldwide

Bybit and Circle Forge Strategic Partnership to Advance Global USDC Adoption

In a recent announcement, Bybit, the world's second-largest cryptocurrency exchange in terms of trading volume, revealed a strategic partnership with Circle Internet Group, Inc., a prominent player in financial technology and issuer of the USDC stablecoin. This collaboration aims to enhance global access to USDC within the Bybit ecosystem, thereby increasing liquidity for the largest regulated stablecoin.

The partnership is expected to bolster the existing infrastructure of Bybit, making trading more efficient for both retail and institutional users. Bybit plans to enhance USDC liquidity in both spot and derivatives markets, which will create a smoother trading experience. Furthermore, both companies will roll out several initiatives aimed at increasing USDC's practicality across Bybit’s range of products and services.

One of the key focuses of this partnership is to simplify the fiat on-ramp and off-ramp processes, enabling easier deposit and withdrawal methods through Circle’s extensive network of partner infrastructures. This will allow Bybit users to enjoy enhanced speed, transparency, and efficiency when converting between local currencies and digital assets.

Bybit has already begun integrating USDC more deeply into its ecosystem, with plans for features such as Bybit Earn for savings, Bybit Card for cashback rewards, and Bybit Pay for everyday transactions. This integration will reinforce Bybit's commitment to compliance and responsible innovation. Additionally, Bybit has positioned itself as a pioneer by being among the first companies to join the public testnet of Circle's Arc network—a new Layer 1 blockchain designed specifically for stablecoin finance. This public testnet was launched in October 2025, showcasing extensive collaboration from the financial sector and a strong supportive infrastructure.

Regulatory Compliance as a Pillar of Innovation

Recently, Bybit secured a comprehensive operating license for a virtual asset platform from the Securities and Commodities Authority (SCA) of the UAE, marking a significant milestone in its expansion efforts in the Middle East. This achievement positions Bybit as the first global exchange to attain such regulatory approval in the region while simultaneously broadening its regulatory oversight across the European Economic Area (EEA), Turkey, and other jurisdictions worldwide.

These developments underline Bybit's long-term commitment to aligning with global regulatory standards, thereby bridging traditional finance with the expanding digital asset economy. USDC, a fully liquid digital asset backed by equivalent liquid assets, is redeemable at a 1:1 ratio with the US dollar, with reserves held at reputable financial institutions. Its monthly attestations by independent third parties ensure a high level of transparency.

Ben Zhou, Bybit's Co-founder and CEO, articulated the importance of this partnership: "The collaboration with Circle marks a significant achievement in our mission to offer a fully compliant, liquid, and user-friendly ecosystem. From trading to payments and savings, we are integrating USDC to fuel the next phase of growth and stability for our platform."

In agreement, Jeremy Allaire, President and co-founder of Circle, emphasized the ambition to simplify access and utilization of USDC for both retail and institutional users. "At Circle, we are powering the future of online commerce with enterprise-grade infrastructure and stablecoins designed for scalability. Together with Bybit, we are making USDC more accessible, providing the security, transparency, and speed users expect."

Looking ahead, both Bybit and Circle are keen to explore deeper integrations that can unlock new cross-chain liquidity opportunities and institutional-grade financial solutions. This partnership is set to pave the way for innovative developments in the cryptocurrency landscape, emphasizing the strength of collaboration within the growing digital economy.

For more information about the partnership and access to USDC, visit USDC.com. To learn about Circle's regulatory authorizations and licenses, please refer to their Licenses page.

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