{"id":62549,"date":"2025-12-09T04:16:38","date_gmt":"2025-12-09T04:16:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=62549"},"modified":"2025-12-09T04:16:38","modified_gmt":"2025-12-09T04:16:38","slug":"bybit-eye-tether-usdt-risk-off-did-bybit-just-join-the-circle-cartel","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=62549","title":{"rendered":"Bybit Eye Tether USDT Risk-Off: Did Bybit Just Join the Circle Cartel?"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">Bybit <\/span><a class=\"general-link\" href=\"https:\/\/www.circle.com\/pressroom\/bybit-and-circle-forge-strategic-partnership-to-advance-global-usdc-adoption\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400\">announced<\/span><\/a><span style=\"font-weight: 400\"> on Monday that it will give USDC a larger role across its platform.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The exchange, which ranks second worldwide by trading volume, said it will widen USDC liquidity in both spot and derivatives markets.\u00a0<\/span><span style=\"font-weight: 400\">It also plans to use the stablecoin more broadly in savings products, payments, and card rewards.\u00a0<\/span><span style=\"font-weight: 400\">And to make deposits and withdrawals smoother, Bybit will integrate Circle\u2019s fiat on- and off-ramp tools.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Bybit <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/17.0.2\/72x72\/1f91d.png\" alt=\"\ud83e\udd1d\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> Circle<br \/>We\u2019re partnering with <a href=\"https:\/\/twitter.com\/circle?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@circle<\/a> to broaden global access to one of the most trusted stablecoins.<\/p>\n<p>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<p>Read more:\u2026 <a href=\"https:\/\/t.co\/saV88G8Hnn\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/saV88G8Hnn<\/a><\/p>\n<p>\u2014 Bybit (@Bybit_Official) <a href=\"https:\/\/twitter.com\/Bybit_Official\/status\/1997935413516759071?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">December 8, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><b>DISCOVER:<\/b><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-crypto-to-buy\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"> <b>Top 20 Crypto to Buy in 2025<\/b><\/a><\/p>\n<h2><b>Why Is Bybit Expanding Beyond Tether for Its Stablecoin Activity?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">So far, Bybit has mostly relied on Tether for stablecoin activity, similar to many other exchanges.<\/span><\/p>\n<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<p><span style=\"font-weight: 400\">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<p><b>DISCOVER:<\/b><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"> <b>Best New Cryptocurrencies to Invest in 2025<\/b><\/a><\/p>\n<h2><b>Is USDC Still Trading Flat and Holding Its Dollar Peg on CoinGecko?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">According to <\/span><a class=\"general-link\" href=\"https:\/\/www.coingecko.com\/en\/coins\/usdc\" target=\"_blank\" rel=\"nofollow noopener\"><span style=\"font-weight: 400\">data<\/span><\/a><span style=\"font-weight: 400\"> from CoinGecko, USDC has traded almost perfectly flat over the past 24 hours, holding its dollar peg.\u00a0<\/span><\/p>\n<p class=\"p1\">\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_6937a22d0f7db\" data-coin-id=\"\u201cusdc\u201d\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_6937a22d0f7db-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_6937a22d0f7db-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_6937a22d0f7db-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_6937a22d0f7db-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_6937a22d0f7db-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_6937a22d0f7db-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_6937a22d0f7db-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_6937a22d0f7db-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_6937a22d0f7db-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_6937a22d0f7db-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_6937a22d0f7db-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_6937a22d0f7db-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<p><span style=\"font-weight: 400\">The stablecoin is currently priced around $0.9997, with the 24-hour range between $0.9997 and $0.9999, and a 24h change of 0.0% in USD terms.\u00a0<\/span><span style=\"font-weight: 400\">USDC\u2019s market cap is about $78.2Bn, with roughly $5.8Bn in trading volume over the same period.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Bybit seems to be signaling that its partnership with Circle is part of a push to build more trust in its platform.\u00a0<\/span><span style=\"font-weight: 400\">In Monday\u2019s statement, the exchange referred to USDC as \u201cthe world\u2019s largest regulated stablecoin,\u201d a description Tether is unlikely to accept.<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cBybit\u2019s partnership with Circle represents a major milestone in our mission to offer a fully compliant, liquid, and user-friendly ecosystem,\u201d Bybit co-founder and CEO Ben Zhou said.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The exchange also said it recently received a Virtual Asset Platform Operator License from the UAE\u2019s Securities and Commodities Authority.\u00a0<\/span><span style=\"font-weight: 400\">It added that it is expanding its regulatory presence across the European Economic Area, Turkey, and several other markets around the world.<\/span><\/p>\n<p><b>DISCOVER:<\/b><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-coinbase-listings\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"> <b>15+ Upcoming Coinbase Listings to Watch in 2025<\/b><\/a><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/bybit-eye-tether-usdt-risk-off-did-bybit-just-join-the-circle-cartel\/\">Bybit Eye Tether USDT Risk-Off: Did Bybit Just Join the Circle Cartel?<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>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. Bybit announced on Monday that it will give USDC a larger role across its platform.\u00a0 The exchange, which ranks second worldwide by trading volume, said [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-62549","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/62549","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62549"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/62549\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62549"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62549"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62549"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}