Circle Internet arranges revenue-sharing deal with crypto exchange Bybit - report
2025-07-09 19:36:32
Main Idea
Circle Internet Group has established a revenue-sharing agreement with Bybit, allowing the crypto exchange to receive a portion of the yields from reserves backing USDC.
Key Points
1. Circle Internet Group (NYSE:CRCL) has formed a revenue-sharing deal with Bybit.
2. Bybit will receive a portion of the yields generated by reserves backing Circle's USDC stablecoin.
3. The agreement was reported by CoinDesk, citing two anonymous sources familiar with the matter.
Description
More on Circle Internet Group, Inc. Circle Internet Group: Honeymoon Phase Might Look Good Now Circle: IPO Boomed, But Doesn't Match Valuation Circle Isn't Just A Crypto Company Circle Internet hit with Underperform rate as Wedbush challenges revenue outlook Circle Internet announces plans to establish 'First National Digital Currency Bank'
Latest News
- Coinbase Is Soaring But My Thesis Has Broken Down (Rating Downgrade)2025-07-10 07:28:26
- Asia markets trade mixed amid BoK rate hold and new U.S. tariffs on Brazil; U.S. futures ease post-tech rally2025-07-10 05:41:45
- Stablecoins under scrutiny in China, warns against illegal fundraising2025-07-10 05:41:31
- Cryptocurrencies: Bitcoin Hovers Around $109K2025-07-10 00:49:03
- Bitcoin briefly flirts with record high in risk-on day2025-07-09 20:55:02