Circle to Expand USDC Adoption Through Bybit and Ant Group
2025-07-10 14:33:36
Main Idea
Circle, the issuer of USDC, has entered into a revenue-sharing agreement with Bybit and is preparing for integration with Ant Group's blockchain platform to promote USDC adoption.
Key Points
1. Circle has a revenue-sharing agreement with Bybit, though the terms are undisclosed, as part of its strategy to boost USDC adoption.
2. Ant Group plans to integrate USDC into its blockchain platform, pending regulatory approval in the U.S., to facilitate global payments and treasury transactions.
3. Circle shares 50% of income from USDC-secured reserves with Coinbase and has made similar deals with other exchanges like Binance.
4. USDC's market capitalization is $62.5 billion, compared to Tether’s USDT at $158 billion, and Circle’s shares rose significantly post-IPO.
5. The U.S. Senate passed the GENIUS Act, which establishes regulatory frameworks for stablecoin reserves, anti-money laundering, and auditing.
Description
Circle, the issuer of the USDC stablecoin, has entered into a revenue-sharing agreement with cryptocurrency exchange Bybit. At the same time, fintech giant Ant Group is preparing to integrate USDC into its own blockchain platform. Bybit Partnership The terms of the deal with Bybit have not been disclosed. However, such agreements are part of Circle's broader strategy to promote USDC adoption. The company shares a portion of the interest income from its reserves with partner platforms, incentiviz...
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