Dubai, UAE — December 8, 2025:
Bybit — currently ranked as the second-largest cryptocurrency exchange in the world by trading volume — has announced a major strategic alliance with Circle Internet Group, Inc., a leading global fintech company and the regulated issuer of USDC. This collaboration focuses on expanding worldwide access to USDC, enhancing liquidity, and strengthening Bybit’s reputation as a compliant, transparent, and trusted trading platform.
Enhancing USDC Liquidity and Utility
As part of this initiative, Bybit will bolster USDC liquidity across both spot and derivatives markets. This improvement is expected to deliver a more seamless and efficient trading experience for retail users, institutional investors, and professional traders.
Both companies will also collaborate on campaigns and product integrations designed to increase the real-world utility of USDC across Bybit’s platform and services.
Improved Fiat Onboarding and Global Accessibility
A key element of the partnership includes streamlined fiat on- and off-ramp solutions. By combining Circle’s financial infrastructure with Bybit’s international presence, users will gain faster, clearer, and more efficient ways to convert between fiat currencies and digital assets. The goal is to make deposits and withdrawals easier and more reliable across major global markets.
Expanding USDC Across Bybit Products
Bybit will continue rolling out expanded USDC support across its suite of products, including:
- Bybit Earn for secure savings options
- Bybit Card offering cashback rewards
- Bybit Pay to enable day-to-day digital payments
These integrations reflect Bybit’s continued commitment to responsible innovation and compliance.
Participation in Circle’s Arc Network
Bybit is also among the early adopters participating in Circle’s Arc blockchain testnet — a next-generation, layer-one network designed specifically to support stablecoin-based financial ecosystems. The testnet, launched in October 2025, already includes broad support from industry leaders, infrastructure providers, and international participants.
Regulatory Leadership and Global Licensing Milestones
Bybit recently achieved a full Virtual Asset Platform Operator License from the UAE Securities and Commodities Authority — making it the first global crypto exchange to earn this level of approval within the region. The company has also expanded compliance coverage across Europe, Turkey, and additional key jurisdictions.
These regulatory steps showcase Bybit’s long-term strategy to operate within global compliance standards while connecting the worlds of digital assets and traditional finance.
About USDC
USDC is a fully backed digital dollar asset, redeemable on a 1:1 basis with the U.S. dollar. Its reserves consist of highly liquid financial instruments held with trusted institutions, and monthly independent reporting ensures ongoing transparency and trust.
