Circle, Bybit & Ant Group Team up to Boost USDC Adoption

Circle has formed partnerships with crypto exchange Bybit and fintech giant Ant Group to expand USDC adoption across trading, payments and settlements. Under its revenue-sharing deal with Bybit, Circle will share a percentage of interest income from USDC reserves to encourage higher stablecoin volume on the exchange. Meanwhile, Ant Group plans to integrate USDC into its proprietary AntChain blockchain for treasury management, cross-border payments and asset tokenization once USDC gains US regulatory approval—including passage of the GENIUS Act and Circle’s establishment of a national trust bank to oversee reserves. Ant Group processes over $1 trillion in payments annually, has lobbied China’s central bank on yuan-based stablecoins, and aims to secure stablecoin licenses in Singapore and Hong Kong while partnering with layer-1 Sui (SUI) for real-world asset tokenization. Circle has also rolled out feeless USDC-to-USD conversions on OKX, secured the largest weighting in VanEck’s digital asset corporate index, and seen USDC accepted as collateral in US futures markets on Coinbase Derivatives. These developments, set against a backdrop of regulatory clarity, are likely to increase USDC liquidity, adjust partner platform fees, and shift stablecoin market dynamics, offering bullish prospects for USDC in both the short and long term.