Circle May Enter Revenue Sharing Agreement with Crypto Exchange Bybit for USDC Distribution, Reports Say

Circle, a US-listed stablecoin issuer, has reportedly signed a revenue-sharing agreement with major cryptocurrency exchange Bybit, according to CoinDesk. Information disclosed by two insiders indicates that Circle is pursuing strategic partnerships aimed at expanding the adoption of the USDC stablecoin. In addition to competing with major player Tether, Circle faces emerging stablecoin forces such as RLUSD. The company has previously secured a long-term agreement to distribute 50% of USDC's reserve yield with cryptocurrency exchange Coinbase, promoting the widespread adoption of USDC across the industry. Details of the agreement with Bybit are...