Circle signs revenue-sharing agreement with Bybit… Expansion to other exchanges continues

On the 9th (local time), crypto-specialized media CoinDesk reported, citing sources, that Circle, the issuer of the USD-based stablecoin USD Coin (USDC), has signed a revenue-sharing agreement with the cryptocurrency exchange Bybit. Previously, Circle introduced a structure where it shares 50% of reserve earnings with Coinbase. It is also known to provide Binance a pre-paid fee of $60.25 million and to offer monthly incentives based on the USDC balance held by the exchange. According to sources, "Circle has already entered into similar revenue-sharing agreements with multiple major exchanges," adding, "There is a high possibility that most exchanges with a significant balance of USDC have already signed agreements with Circle." This agreement is interpreted as part of Circle's efforts to expand USDC circulation and strengthen strategic partnerships with global exchanges.