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

Circle, the issuer of the USDC stablecoin, has entered a strategic partnership with cryptocurrency exchange Bybit to enhance the stablecoin's liquidity and usability across Bybit's platform, including spot, derivatives, and payment channels. This collaboration aims to strengthen Bybit's regulatory compliance and transparency, especially in regions like the EEA where Circle has a strong regulatory presence under MiCA. The partnership follows a period of significant growth for USDC, whose market capitalization has surged by 77% since the start of 2025, nearing $80 billion, significantly outpacing the growth of competitor Tether. Bybit emphasized that while deepening USDC integration, it remains committed to offering users choice among multiple stablecoins.

(Source：Cointelegraph)