Circle Internet Group has entered into a strategic partnership with Bybit, the world's second-largest crypto exchange by volume, to expand global access and utility for its USDC stablecoin. [3, 10] The collaboration is designed to enhance USDC liquidity across Bybit's spot and derivatives markets and reinforce the exchange's commitment to regulatory compliance and transparency. [6, 11] The agreement includes the development of more efficient fiat on- and off-ramp solutions for users. [7] Bybit also plans a deeper integration of USDC throughout its product ecosystem, including Bybit Earn, Bybit Card, and Bybit Pay, aiming to increase the stablecoin's use in everyday transactions and savings. [3, 7]