Circle, the issuer of the USDC stablecoin, has entered a strategic partnership with cryptocurrency exchange Bybit to expand the liquidity and utility of USDC across its global ecosystem. The collaboration aims to enhance USDC integration in spot and derivatives trading, payment channels, and cross-chain support, while strengthening regulatory compliance, particularly in the EEA under MiCA. 

This move comes as USDC’s market capitalization has surged 77% since the start of 2025, reaching nearly $80 billion. Bybit emphasized that the partnership reflects its commitment to transparency and user choice, rather than exclusivity, as the stablecoin market continues to grow.

<html><head></head><body>Circle, the publicly-listed issuer of one of the largest US dollar stablecoins globally, has entered into a strategic partnership with cryptocurrency exchange Bybit.Bybit has entered a strategic partnership with an affiliate of Circle to expand liquidity and usability of its USDC (USDC) stablecoin, according to a joint announcement on Monday.“The partnership aims to expand USDC access across Bybit’s global ecosystem, strengthen liquidity of the world’s largest regulated stablecoin, and reinforce Bybit’s position as a regulatory-compliant platform committed to transparency and trust,” the companies said.The partnership comes as USDC is gaining momentum, with its market capitalization surging to historic records and nearing $80 billion.<h2>Bybit to deepen USDC integration across spot, derivatives and payment channels</h2>“Bybit’s partnership with Circle allows us to deepen USDC integration across spot, derivatives, and payment channels within a transparent and compliant framework,” a spokesperson for Bybit told Cointelegraph.The crypto exchange is working closely with Circle to enhance liquidity provisioning, strengthen fiat on-ramps and off-ramps, as well as expand crosschain support, the representative said, adding:<blockquote data-ct-non-breakable="undefined">“This collaboration is just the beginning — especially in the EEA region, where Circle has a strong regulatory presence under MiCA. We see meaningful opportunities to expand USDC’s utility and deliver even more reliable settlement options for global users.”</blockquote>Bybit’s spokesperson mentioned that the exchange started to integrate USDC several years ago, starting with spot and perpetual trading pairs and expanding it to savings products, institutional settlement, conversion tools and fiat payment channels.Related: Ethena’s synthetic USDe contracts sharply as dollar-backed stablecoins expand“Today, USDC is already embedded across our ecosystem, and this new strategic partnership strengthens the underlying infrastructure with better liquidity, faster settlement and broader use cases,” Bybit said.<h2>USDC market cap nearing $80 billion</h2>The Bybit–Circle partnership caps a year of strong growth for USDC, with the stablecoin nearly doubling its market cap since the beginning of 2025.Since Jan. 1, 2025, USDC market capitalization has surged by 77% from around $44 billion to $78 billion as of Dec. 7, according to data from CoinGecko.The growth aligns with Circle increasingly pushing partnerships in traditional finance, including collaborations with the global exchange organization Deutsche Börse, payment giant Mastercard and more.<figure> <div><img style="max-width:100%;overflow:hidden;" src="https://d1x7dwosqaosdj.cloudfront.net/images/2025-12/1c2e56dc180a4ef8b60f34b9ccb9ed01.jpg" alt=""></div><figcaption style="text-align: center;">USDC market capitalization chart since launch. Source: CoinGecko</figcaption></figure>By comparison, Tether, the world’s largest stablecoin by market capitalization, has seen its market cap rise about 36% since the start of the year, climbing from roughly $137 billion to $186 billion.“Bybit supports multiple stablecoins and remains committed to giving users choice. Our collaboration with Circle is not about exclusivity,” a spokesperson for Bybit said, adding: “It reflects our focus on transparency and regulatory clarity as the industry matures.”<template data-buzzsprout-episode-id="18267105" data-buzzsprout-podcast-id="2040516" data-ct-widget="buzzsprout"></template>Magazine: Animoca’s bet on altcoin upside, analyst eyes $100K Bitcoin: Hodler’s Digest, Nov. 23 – 29<template data-ct-non-breakable="undefined" data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template></body></html>

Circle and Bybit deepen USDC partnership as stablecoin nears $80B

cointelegraph

Cryptocurrency exchange Bybit and Circle, the issuer of the USDC stablecoin, have announced a strategic partnership. Bybit will promote the use of USDC among its users.

As one of the largest exchanges, Bybit plans to enhance USDC liquidity on spot and derivatives markets and further integrate the stablecoin into its ecosystem, including its Bybit Earn, Bybit Pay, and other services. The partnership includes joint campaigns to increase the efficiency of USDC usage on the platform.

Bybit is the second-largest exchange by trading volume after Binance, with over $2.5 billion traded in the last 24 hours. It is notably popular in Russia, where it attracted 28% of its traffic in October.

USDC is the second-largest stablecoin by market capitalization at $78 billion, behind Tether's USDT at $185 billion. The trading volume gap is significant, with USDT at $76 billion and USDC at $5 billion over the past day.

The collaboration will also explore deeper integration for cross-chain liquidity and institutional-grade financial solutions. The partnership will expand to fiat solutions, leveraging Circle's infrastructure and partner network with Bybit's global reach to simplify deposits and withdrawals in key markets.

Bybit emphasized that this partnership aligns with its commitment to regulatory compliance, noting its recent virtual asset license in the UAE and expanded presence in the EU, Turkey, and other jurisdictions.

<html><head></head><body>Cryptocurrency exchange Bybit and the company Circle, which issues the stablecoin USDC, have announced a strategic partnership. Bybit will promote USDC among its users.One of the largest cryptocurrency exchanges plans to increase the liquidity of USDC on the spot and derivatives markets, as well as deeper integrate these tokens into its ecosystem, including the Bybit Earn, Bybit Pay, and other products. Together with Circle, the exchange will conduct a series of campaigns and initiatives aimed at "increasing the efficiency of USDC usage in Bybit's products and services," according to a press release.Bybit is the second-largest exchange by trading volume after Binance. Its volume over the last 24 hours exceeded $2.5 billion, according to CoinGecko. The platform is very popular among Russians, with Russian traffic accounting for 28% in October.USDC has a market capitalization of $78 billion, making it the second-largest stablecoin by this metric after Tether's USDT, which has a market value of $185 billion. In terms of trading volume, these stable cryptocurrencies also occupy the top two positions, but with a large gap: over the last 24 hours, USDT trading accounted for $76 billion, while USDC accounted for $5 billion.Bybit and Circle also plan deeper integration to "unlock new opportunities for cross-chain liquidity and institutional-grade financial solutions." Previously, Bybit was among the participants in the test network of Circle's Arc blockchain.The companies' partnership will further extend to fiat money solutions, the statement said. This is expected to combine Circle's infrastructure and partner network with Bybit's global reach to simplify deposits and withdrawals in key markets.In the press release, the exchange emphasized that the partnership with Circle reflects its focus on regulatory compliance. In 2025, Bybit obtained a Virtual Asset Service Provider license in the UAE and expanded its presence in EU countries, Turkey, and other jurisdictions.Bitcoin has entered a "sideways trend." What about other cryptocurrenciesRecord on prediction platforms. Which companies are in the crypto market"The disappointment phase." What will happen to cryptocurrencies this week</body></html>

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