Bybit, the world's second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership with Circle Internet Group, the issuer of the USDC stablecoin. The partnership, announced on December 8, 2025, aims to significantly expand USDC access and utility across Bybit's global ecosystem, which serves over 70 million users.
The core objectives of the collaboration are to strengthen USDC liquidity across Bybit's spot and derivatives markets, enhance fiat on-ramp and off-ramp solutions, and integrate the stablecoin deeply into Bybit's product suite. This includes expanding USDC use in Bybit Earn for savings, Bybit Card for cashback rewards, and Bybit Pay for everyday transactions. The partnership is framed as a move to create a more efficient trading environment for both retail and institutional users by simplifying currency conversions with greater speed and transparency.
In a significant development, Bybit was also revealed to be among the first wave of more than one hundred companies to join the public testnet of Circle's Arc network. Arc is a new Layer-1 blockchain purpose-built for stablecoin-native finance, which launched its testnet in October 2025.
The announcement underscores Bybit's regulatory compliance efforts, noting its recent acquisition of a full Virtual Asset Platform Operator License from the UAE's Securities and Commodities Authority (SCA). This positions Bybit as the first global exchange to secure this level of approval in the Middle East. The exchange has also expanded its regulatory oversight in the European Economic Area (EEA), Turkey, and other jurisdictions.
Ben Zhou, Co-founder and CEO of Bybit, stated: "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 and CEO of Circle, added that the collaboration is about making it easier for users to access USDC with "the confidence, transparency, and speed they expect."
Looking ahead, the two companies plan to explore deeper integrations to unlock new opportunities for cross-chain liquidity and institutional-grade financial solutions.
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