Circle and Bybit have launched a partnership that expands USDC’s presence across the exchange’s ecosystem, aligning with a year defined by the stablecoin’s accelerated growth. The agreement was executed with a Circle affiliate and aims to reinforce liquidity, streamline fiat conversions, and broaden USDC’s use cases. The token has already surpassed a $78B market cap and is moving toward $80B.
Bybit explained that it began integrating USDC years ago through spot and perpetual pairs, later extending it to savings products, institutional settlement, conversion tools, and payment channels. This new phase deepens that infrastructure: Circle will support enhanced liquidity provisioning, expanded on- and off-ramps, and a more efficient operational framework for deposits, withdrawals, and payments in key markets. The exchange said that USDC is already embedded in its architecture and that strengthening this technical layer will accelerate transaction processing and enable new functions tied to payments and financing.
USDC Integration into Bybit Earn, Card, and Pay
The integration will expand to services like Bybit Earn, Card, and Pay, making USDC a more central component of daily user activity. It also includes joint efforts to launch campaigns that increase the token’s utility across retail and institutional products. The partnership is also tied to the exchange’s participation in the public testnet of Arc, the layer-1 blockchain developed by Circle for stablecoin-native finance. The testnet, launched in October 2025, already includes more than one hundred companies and aims to create a technical environment focused on multichain liquidity and stable settlement.
USDC Grew 77% During 2025
Since January 1, USDC’s market capitalization has risen 77%, climbing from $44B to $78B and reaching its highest level since launch. Circle supports this growth through partnerships with traditional financial institutions such as Deutsche Börse and Mastercard, which expand its access to regulated infrastructure.
Bybit emphasized that the agreement does not exclude other stablecoins and that the platform will continue offering variety. However, the company highlighted its focus on regulatory frameworks and auditable processes. The full Virtual Asset Platform Operator license granted by the UAE’s Securities and Commodities Authority, along with expanded oversight in the EEA, Turkey, and other regions, reinforces that approach. Circle, meanwhile, stressed that USDC is fully backed by cash and cash-equivalent assets, held by trusted financial institutions and subject to independent monthly attestations.