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Bybit has formed a strategic partnership with an affiliate of Circle Internet Group to expand access to the USDC stablecoin across its platform, the companies announced in a statement today.
The partnership will see Bybit enhance USDC liquidity across spot and derivatives markets, according to the announcement. The exchange said it plans to integrate the stablecoin across multiple products including Bybit Earn for savings, Bybit Card for cashback rewards, and Bybit Pay for transactions.
Circle and Bybit will develop fiat on- and off-ramp solutions combining Circle's infrastructure with Bybit's global reach to streamline deposits and withdrawals across key markets. The companies said the integration will provide users greater speed and efficiency when converting between local currencies and digital assets.
Ben Zhou, co-founder and CEO of Bybit, characterized the partnership as advancing the platform's mission to offer a compliant and liquid ecosystem. Jeremy Allaire, chairman, co-founder and CEO of Circle, said the collaboration aims to make USDC more accessible to retail and institutional users.
Bybit has also joined the public testnet of Circle's Arc network, a layer-1 blockchain designed for stablecoin-native finance that launched its testnet in October 2025. The exchange was among more than one hundred companies participating in the initial testnet phase.
The announcement comes after Bybit secured a full Virtual Asset Platform Operator License from the UAE's Securities and Commodities Authority in October. The exchange described this as the first such regulatory approval for a global exchange in the region. Bybit has also expanded regulatory oversight across the European Economic Area, Turkey and other jurisdictions.
