Circle and Bybit Advance USDC Liquidity Through New Global Partnership

• USDC gains wider global access as Circle and Bybit deepen technical and trading integration.
• Partnership boosts liquidity, on-ramps, and regulated stablecoin settlement across key regions.
• Bybit’s expanding regulatory approvals support broader USDC adoption and compliant growth.

Circle and Bybit have entered into a new partnership aimed at expanding access to the USDC stablecoin and enhancing settlement reliability across multiple regions. The deal brings together one of the largest dollar-backed stablecoin issuers and a cryptocurrency exchange that has recently expanded its regulatory permissions in key jurisdictions.

According to both companies, the collaboration aims to enhance the functionality of USDC across trading, payments, and cross-chain infrastructure, particularly in markets where regulatory requirements have increased. The announcement comes as USDC’s market capitalization approaches historic levels near $80 billion.

Partnership Expands Technical and Trading Integration

Bybit said it will extend USDC support across its spot, derivatives, and payment channels. Representatives noted that the exchange has integrated USDC over several years, beginning with trading pairs and later including savings products, institutional settlement pathways, conversion tools, and fiat payment features. The new agreement is stated as a step toward deeper infrastructure alignment, with plans to strengthen liquidity provisioning and enhance both on-ramp and off-ramp capabilities.

The companies stated that additional opportunities may emerge in regions that have implemented specific regulatory frameworks for stablecoins. Circle’s presence in the European Economic Area under MiCA was highlighted as a factor that could allow the partnership to expand USDC settlement options for users operating under those rules. The collaboration will also focus on refining cross-chain functionality to support transactions that require predictable settlement times.

Compliance Developments Shape Bybit’s Direction

The partnership follows a series of regulatory moves for Bybit. The exchange recently received a full Virtual Asset Platform Operator license from the UAE’s Securities and Commodities Authority, granting it authorization to operate within one of the region’s active digital-asset markets. Bybit has also increased its regulatory coverage in the European Economic Area, Turkey, and Latin America.

Circle’s stablecoin system is backed by cash and short-term U.S. Treasuries held at regulated financial institutions. The company continues to publish independent monthly attestations, which the firms noted as part of the operational foundation for expanding USDC’s use cases.