Bybit has announced a strategic partnership with an affiliate of Circle.
The partnership will expand USDC access across Bybit’s global ecosystem and will strengthen liquidity in the stablecoin and support Bybit’s position as a regulated platform.
Under the partnership, Bybit will enhance USDC liquidity across spot and derivatives markets.
This aims to provide a more efficient trading environment for retail and institutional users.
Both companies plan to introduce initiatives to increase the use of USDC across Bybit’s products.
These include Bybit Earn for savings, Bybit Card for cashback rewards, and Bybit Pay for everyday transactions.
Fiat on- and off-ramp solutions will also be expanded. This will leverage Circle’s infrastructure alongside Bybit’s global reach to facilitate deposits and withdrawals in key markets.
Bybit was among the first companies to join the public testnet of Circle’s Arc network. Arc is a layer-1 blockchain designed for stablecoin-native finance.
The testnet, launched in October 2025, has seen broad participation from financial and infrastructure stakeholders worldwide.
Regulatory compliance remains a central focus for Bybit.
The exchange recently obtained a full Virtual Asset Platform Operator License from the UAE’s Securities and Commodities Authority and has expanded regulatory oversight across the European Economic Area, Turkey, and other jurisdictions.
USDC maintains full backing with liquid cash and cash-equivalent assets and redeems at a 1:1 ratio with the US dollar.
Regulated financial institutions hold the reserves, and independent third parties provide monthly attestations.
Ben Zhou, Co-founder and CEO of Bybit, said:
“Bybit’s partnership with Circle represents a major milestone in our mission to offer a fully compliant, liquid, and user-friendly ecosystem. From trading to payments to savings, we are integrating USDC to power the next phase of our platform’s growth and stability.”
Jeremy Allaire, Chairman, Co-founder, and CEO of Circle, added:
“Together, Circle and Bybit are making it easier for users to access and use USDC with the confidence, transparency, and speed they expect.”
Featured image credit: Edited by Fintech News Singapore, based on image by jimjemrangga and smartmalik6384 via Freepik
