In a significant development for cryptocurrency market infrastructure, leading exchange Bybit has announced a strategic partnership with Circle, the issuer of the USDC stablecoin. This collaboration aims to extensively expand the integration and utility of USDC across Bybit's comprehensive trading platform.
The core initiative involves enhancing USDC liquidity within Bybit's spot and derivatives markets. The partnership seeks to provide traders with a more liquid, transparent, and reliable stablecoin for transactions, directly addressing volatility and settlement friction. Beyond simple listing, the alliance includes plans to co-develop cross-chain liquidity solutions, facilitating seamless movement of USDC across different blockchain networks.
Furthermore, the companies will dedicate resources to building institutional-grade financial products tailored for treasury management and risk mitigation. A notable technical aspect of the deal is Bybit's participation in the public testnet for Circle's new layer-1 blockchain, Arc. Launched in October 2025 and designed for stablecoin-native finance, Arc's testnet initially involved over one hundred companies. Bybit's involvement allows it to contribute directly to the architecture of next-generation stablecoin infrastructure.
The partnership will also see USDC integrated across multiple Bybit products, including Bybit Earn for savings, Bybit Card for cashback rewards, and Bybit Pay for transactions. Circle and Bybit will jointly develop fiat on- and off-ramp solutions, leveraging Circle's infrastructure and Bybit's global reach to streamline deposits and withdrawals in key markets.
Ben Zhou, co-founder and CEO of Bybit, stated the partnership advances the platform's mission to offer a compliant and liquid ecosystem. Jeremy Allaire, chairman and CEO of Circle, emphasized the collaboration's goal to make USDC more accessible to both retail and institutional users.
This announcement follows Bybit's recent regulatory milestones, including securing a full Virtual Asset Platform Operator License from the UAE's Securities and Commodities Authority in October 2025—described as the first such approval for a global exchange in the region—and expanding its regulatory oversight across the European Economic Area and Turkey.
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