Bybit and Circle Announce Strategic Partnership to Boost Global USDC Adoption
Bybit, the world’s second-largest cryptocurrency exchange, and Circle, issuer of USDC, have formed a strategic partnership to enhance USDC liquidity, expand fiat on/off ramps, and integrate USDC across Bybit's ecosystem, advancing global adoption of the regulated stablecoin with a focus on compliance and transparency.
Bybit and Circle Announce Strategic Partnership to Boost Global USDC Adoption
December 8, 2025 – Dubai, UAE — In a significant stride for the digital asset ecosystem, Bybit, ranked as the world’s second-largest cryptocurrency exchange by trading volume, has entered into a strategic partnership with Circle Internet Group, the issuer of USD Coin (USDC). This collaboration aims to drive global adoption of USDC, enhance liquidity, and expand access to regulated stablecoin infrastructure.
Partnership Objectives
This alliance seeks to unlock a more efficient and transparent trading environment by improving USDC liquidity across Bybit’s spot and derivatives markets. Both firms will coordinate marketing campaigns and product initiatives to increase USDC’s utility throughout Bybit’s expanding product suite, including spot trading, derivatives, and payments.
A notable facet of this partnership is the strengthening of fiat on- and off-ramping capabilities. Leveraging Circle’s extensive payments infrastructure and partnerships alongside Bybit’s global presence, users will experience faster, more reliable, and transparent conversions between local currencies and digital assets.
Integrating USDC Across Bybit’s Ecosystem
Beyond trading, Bybit plans to weave USDC into its broader financial offerings. This includes enhancements to:
- Bybit Earn: Offering USDC savings products.
- Bybit Card: Enabling cashback rewards paid in USDC.
- Bybit Pay: Facilitating everyday transactions with USDC.
These integrations aim to nurture an ecosystem that promotes secure, compliant, and accessible financial solutions powered by stablecoins.
Innovation Backed by Compliance
The partnership comes in the wake of Bybit obtaining a full Virtual Asset Platform Operator License from the UAE’s Securities and Commodities Authority (SCA). This regulatory milestone underscores Bybit's commitment to operating within global compliance frameworks, further enhanced by expanded oversight across the European Economic Area (EEA) and Turkey.
USDC itself is a fully-backed digital dollar stablecoin, redeemable 1:1 with USD, with reserves held at trusted institutions and subjected to regular third-party audits, ensuring transparency and trust.
Embracing Blockchain Innovation
Bybit was among the early adopters participating in Circle’s Arc network public testnet — a next-generation layer-1 blockchain designed specifically for stablecoin-native finance. The Arc network symbolizes the future of financial infrastructure, operating as an “Economic OS for the internet” and will deepen the integration possibilities between Bybit and Circle.
Leadership Perspectives
Ben Zhou, Co-founder and CEO of Bybit, stated:
“Our partnership with Circle is a key milestone in delivering a compliant, liquid, and user-friendly ecosystem. USDC integration will power innovation across trading, payments, and savings — positioning Bybit for sustainable growth and industry leadership.”
Jeremy Allaire, Chairman, Co-founder, and CEO of Circle, added:
“Circle builds internet-scale financial infrastructure with trusted stablecoins and blockchain solutions. Together with Bybit, we are expanding USDC’s reach, making it easier for users worldwide to transact with confidence, transparency, and speed.”
Looking Ahead
Bybit and Circle envision deeper collaboration to explore cross-chain liquidity, broader institutional financial solutions, and continuous advancements in blockchain-based stablecoin services.
About Bybit
Founded in 2018, Bybit serves over 60 million users globally, offering a wide range of crypto trading and blockchain innovation tools. It bridges traditional finance and decentralized ecosystems with a focus on security, compliance, and user experience. Learn more at Bybit.com.
About Circle
Circle is a leading global financial technology firm and the issuer of USDC, one of the world's largest stablecoins. Circle provides programmable blockchain infrastructure and trusted internet financial services supporting a broad ecosystem of enterprises and developers. Visit circle.com to learn more.
This partnership marks a pivotal moment in the evolution of regulated stablecoins and digital asset exchanges, signaling greater interoperability, transparency, and adoption worldwide.