Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a strategic partnership with an affiliate of Circle Internet Group, the global fintech company behind USDC. The collaboration is designed to expand global access to USDC across Bybit’s ecosystem, increase market liquidity for the world’s largest regulated stablecoin, and reinforce Bybit’s position as a compliance-focused platform built on transparency and trust.
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Through the partnership, Bybit will increase USDC liquidity across both spot and derivatives markets, while jointly launching new initiatives aimed at expanding USDC utility across its products and services. The companies also plan to improve fiat on- and off-ramp rails by combining Bybit’s global footprint with Circle’s infrastructure, making deposits and withdrawals faster and more efficient for users in key regions.
USDC will also be more deeply integrated across Bybit’s offerings including Bybit Earn, Bybit Card, and Bybit Pay to enhance payment functionality, cashback rewards and savings tools. Bybit was also among the first wave of participants on the public testnet of Circle’s new Arc blockchain, which launched in October 2025 to support stablecoin-native finance.
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The partnership arrives as Bybit continues to formalize regulatory oversight around the world. The exchange recently secured a full Virtual Asset Platform Operator License from the UAE’s Securities and Commodities Authority the first global exchange to achieve this level of approval in the region while also expanding compliance coverage across the EEA, Turkey and other jurisdictions.
Ben Zhou, Co-founder and CEO of Bybit, said the collaboration marks a major milestone toward building a fully compliant and institution-ready ecosystem powered by USDC. Jeremy Allaire, Chairman and CEO of Circle, added that jointly expanding stablecoin access will make digital finance more transparent, secure, and scalable for both retail and institutional users worldwide.
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Both companies plan to explore broader integrations to unlock new opportunities for institutional settlement, cross-chain liquidity and next-generation financial infrastructure.
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