{"id":118871,"date":"2025-12-09T03:13:12","date_gmt":"2025-12-09T03:13:12","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=118871"},"modified":"2025-12-09T03:13:12","modified_gmt":"2025-12-09T03:13:12","slug":"bybit-eye-tether-usdt-risk-off-did-bybit-just-join-the-circle-cartel","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=118871","title":{"rendered":"Bybit Eye Tether USDT Risk-Off: Did Bybit Just Join the Circle Cartel?"},"content":{"rendered":"

Circle and Bybit, the operators behind the world\u2019s second-largest stablecoin and the second-largest crypto exchange, are entering a new partnership that may influence how digital assets move across global markets.<\/span><\/p>\n

Bybit <\/span>announced<\/span><\/a> on Monday that it will give USDC a larger role across its platform.\u00a0<\/span><\/p>\n

The exchange, which ranks second worldwide by trading volume, said it will widen USDC liquidity in both spot and derivatives markets.\u00a0<\/span>It also plans to use the stablecoin more broadly in savings products, payments, and card rewards.\u00a0<\/span>And to make deposits and withdrawals smoother, Bybit will integrate Circle\u2019s fiat on- and off-ramp tools.<\/span><\/p>\n

Bybit Circle
We\u2019re partnering with @circle<\/a> to broaden global access to one of the most trusted stablecoins.<\/p>\n

Together, we\u2019ll enhance USDC liquidity, streamline on\/off-ramps, and unlock more real-world utility for our users, with transparency and safety at the core.<\/p>\n

Read more:\u2026 pic.twitter.com\/saV88G8Hnn<\/a><\/p>\n

\u2014 Bybit (@Bybit_Official) December 8, 2025<\/a><\/p>\n\n

DISCOVER: Top 20 Crypto to Buy in 2025<\/a><\/p>\n

Why Is Bybit Expanding Beyond Tether for Its Stablecoin Activity?<\/h2>\n

So far, Bybit has mostly relied on Tether for stablecoin activity, similar to many other exchanges.<\/span><\/p>\n

For Circle, the deal offers a chance to reach more users outside its long-standing dependence on Coinbase. Circle gains another major exchange where USDC can operate at scale.\u00a0<\/span><\/p>\n

The move also comes as some analysts warn that Circle\u2019s stock could feel pressure if USDC\u2019s growth slows or its market share stalls.<\/span><\/p>\n

Closing the gap between USDC and Tether may rely on Circle securing more partners overseas, especially those with strong trading communities. The company has been moving in that direction.\u00a0<\/span><\/p>\n

Almost a year ago, Binance, the world\u2019s largest crypto exchange, reached an agreement with Circle to extend USDC\u2019s reach across trading pairs, savings products, and payment tools on its platform.<\/span><\/p>\n

DISCOVER: Best New Cryptocurrencies to Invest in 2025<\/a><\/p>\n

Is USDC Still Trading Flat and Holding Its Dollar Peg on CoinGecko?<\/h2>\n

According to <\/span>data<\/span><\/a> from CoinGecko, USDC has traded almost perfectly flat over the past 24 hours, holding its dollar peg.\u00a0<\/span><\/p>\n

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