Circle teaming up with Bybit marks a push to weave USDC further into the exchange’s operations. Right away, the two companies highlighted their shared focus on making the stablecoin easier for users worldwide to adopt. With this step, USDC gains a stronger foothold as it becomes woven into more of the tools people rely on every day.
Bybit is now updating the way it facilitates transactions for its millions of users, with USDC at the center. They are expanding the stablecoin’s presence into spot markets, derivatives, and other services like Bybit Earn, Bybit Card, and Bybit Pay. Updates to on-ramps and off-ramps make the process of converting from fiat currency to USDC more seamless.
Additionally, this partnership opens the door for users who previously found the process of moving in and out of digital assets too complicated. Furthermore, Circle’s infrastructure-based transaction settlement system provides an additional boost to ensure trading on the platform is free from technical issues that typically arise in traditional markets.
However, what makes this announcement feel a little different is Bybit’s participation in testing the Arc public network. This network, being developed by Circle, is touted as the foundation for next-generation transaction settlement.
Looking back at previous developments, on December 3, we highlighted Circle and OpenMind’s collaboration on building a USDC-based micropayment standard for automated machine-to-machine transactions. This collaboration enables AI agents, APIs, and devices to conduct real-time payments via the x402 protocol.
Furthermore, at the end of November, we reported on the launch of native USDC and CCTP on the Monad network, providing developers with wallet and contract support for building USDC-based applications.
On October 22, we also noted the launch of the Bridge Kit, which simplifies cross-chain transfers via CCTP V2 with an easier-to-use SDK, complete with built-in monetization and code examples.
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