Bybit enables native USDC deposits and withdrawals on Hedera, giving 70M users faster, low-cost stablecoin access.
Author: Tanishq Bodh
October 28, 2025 – In a landmark step for stablecoin adoption and cross-chain efficiency, leading crypto exchange Bybit has integrated USD Coin (USDC) deposits and withdrawals natively on the Hedera network. Announced on October 27, 2025, the move connects over 70 million Bybit users to Hedera’s ultra-fast and eco-friendly blockchain, strengthening its foothold in the enterprise-grade DeFi market. The partnership aligns with Hedera’s mission to make stablecoin transfers faster, cheaper, and globally scalable.
HBAR confirmed the integration via its official X account, writing:
“Bybit has enabled $USDC on $HBAR Network. You can now deposit and withdraw USDC via the HBAR network.”
The Hedera Foundation amplified the announcement, noting that 70 million+ users can now transact with Hedera-native USDC directly on the exchange. Market response was swift HBAR traded up 1.25% to $0.1821, while engagement on Hedera’s social channels surged.
Analysts highlighted the development as a liquidity milestone that connects CEX users with DeFi infrastructure. With Bybit handling $2.69 trillion in annual trading volume, the upgrade could significantly expand stablecoin utility within the Hedera ecosystem.
While the move bolsters interoperability, it also brings regulatory questions. Stablecoin scrutiny has intensified globally, with oversight tightening on issuance and backing standards. Some analysts caution that multi-chain USDC deployments could fragment liquidity if not standardized across platforms.
Others, however, argue that Hedera’s regulated governance model, supported by firms like Google, IBM, and Boeing, positions it as one of the most compliant and enterprise-ready networks for stablecoin adoption. Still, long-term sustainability will depend on maintaining transactional consistency and cross-chain transparency.
Hedera’s hashgraph consensus distinguishes it from conventional blockchains, offering 10,000 TPS, near-zero fees, and carbon-negative performance. These features make it particularly suited for remittances, supply chain finance, and tokenized asset transfers, sectors that demand both scalability and cost efficiency.
For Bybit, the integration builds on its June 2025 support for HBAR/USDC spot pairs, reducing the need for external bridges or wrapped assets. Developers and enterprises can now move stablecoins natively between wallets, exchanges, and DeFi protocols, fueling Hedera’s next growth phase.
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