Catenaa, Tuesday, December 09, 2025- Circle reached a partnership with crypto exchange Bybit to widen access to USDC across trading, savings and payment products.
The deal outlines steps to expand liquidity and improve ways to move money on and off the platform using fiat systems.
Bybit is the second largest exchange by trading volume.
The firm plans to increase USDC use across spot and derivatives markets. It will also add the stablecoin to savings tools, card rewards and payment flows. Until now, most activity on Bybit leaned on rival token USDT.
Circle seeks to cut reliance on Coinbase, its largest channel for issuing and circulating USDC. Analysts have watched whether USDC growth might slow without more partners overseas.
Binance entered a similar arrangement with Circle in late 2024.
USDC circulation stands near $78 billion. USDT circulation is around $186 billion, according to data collected by The Block. The partnership could narrow that gap by introducing USDC to new regions and trading communities.
Bybit said working with Circle can support compliance goals in several jurisdictions. The exchange recently received a Virtual Asset Platform Operator License from the market regulator in the United Arab Emirates.
Bybit is also working with authorities in the European Economic Area, Turkey and other regions.
Market observers will track whether the agreement changes stablecoin flows between major exchanges and helps USDC enter new use cases for trading and payments.
