[Circle and Bybit Partner to Expand USDC Adoption and Liquidity]
Circle and cryptocurrency exchange Bybit have announced a partnership aimed at expanding USDC adoption and enhancing liquidity. Bybit will increase USDC liquidity in spot and derivatives markets, broaden USDC applications in savings, payments, and card rewards, and integrate Circle's fiat on/off-ramp infrastructure. Circle stated that this move will help solidify USDC's position as the world's second-largest stablecoin, while Bybit noted that the partnership will strengthen Bybit's positioning as a regulatory-compliant platform.