Cryptocurrency exchange Bybit today announced a partnership with an affiliate of Circle Internet Group, Inc. (NYSE:CRCL).

The partnership aims to expand USDC access across Bybit’s global ecosystem, strengthen liquidity of the stablecoin, and reinforce Bybit’s position as a regulatory-compliant platform committed to transparency and trust.

As part of this partnership, Bybit will enhance USDC liquidity across spot and derivatives markets, enabling a more efficient trading environment for retail and institutional users. The two companies will also roll out a series of campaigns and initiatives to increase the utility of USDC across Bybit’s products and services.

The partnership will further extend to fiat on- and off-ramp solutions, combining Circle’s infrastructure and networks of partners with Bybit’s global reach to simplify deposits and withdrawals across key markets. Bybit users will then benefit from greater speed, transparency, and efficiency when converting between local currencies and digital assets.

Bybit also plans to expand USDC integration across its ecosystem, including Bybit Earn for savings, Bybit Card for cashback rewards, and Bybit Pay for everyday transactions.

In addition, Bybit was among the first wave of more than one hundred companies to join the public testnet of Circle’s Arc network, a new layer-1 blockchain purpose-built for stablecoin-native finance. Arc’s public testnet launched in October 2025, with broad-based engagement and collaboration from across the financial and economic system, deep infrastructure support, and global participation.

USDC is a digital asset fully backed by highly liquid cash and cash-equivalent assets, and is redeemable 1:1 with the U.S. dollar. The reserve assets are held with trusted financial institutions, and monthly attestation by independent third parties provide a high degree of transparency.

Ben Zhou, Co-founder and CEO of Bybit, said:

“Bybit’s partnership with Circle represents a major milestone in our mission to offer a fully compliant, liquid, and user-friendly ecosystem. From trading to payments to savings, we are integrating USDC to power the next phase of our platform’s growth and stability.”

Jeremy Allaire, Chairman, Co-founder and CEO of Circle, added:

“At Circle, we are powering the future of internet activity with enterprise-grade infrastructure and stablecoins built for scale. Together, Circle and Bybit are making it easier for retail and institutional users to access and use USDC with the confidence, transparency, and speed they expect.”

Looking ahead, Bybit and Circle continue to explore deeper integrations to unlock new opportunities for cross-chain liquidity and institutional-grade financial solutions.