Shiba Inu has recorded a notable surge in spot trading activity on several exchanges over the last seven days. This provides a bullish outlook for the second-largest meme coin by market cap, which has been one of the underperformers in this market cycle. 

Shiba Inu Sees Surge In Spot Trading Activity

CoinGlass data show a 154% surge in Shiba Inu USD spot trading volume on Kraken over the last seven days. There has also been a significant surge on other major exchanges, such as Binance, Bybit, OKX, and Gemini, during the same period. This indicates that spot buyers may be stepping in to defend the SHIB price at a critical support amid the broader crypto market decline. 

Notably, Shiba Inu is one of the altcoins that are in the green over the last week, suggesting that the bulls may be in control at the moment. CoinMarketCap data shows that the second-largest meme coin by market cap is up almost 7% during this period despite Bitcoin’s choppy price action. 

Meanwhile, further data from CoinGlass also shows that most leverage traders are currently betting on an increase in the Shiba Inu price, with the long/short ratio currently above 1. However, it is worth noting that derivatives volume is down by over 10% and open interest is down by almost 4%, which presents a bearish outlook for the meme coin. 

Another positive for Shiba Inu, besides the surge in spot trading volume, is that the Fed is likely to cut interest rates again at this week’s FOMC meeting. This could inject more liquidity into the crypto market, with altcoins like SHIB benefiting from it. Meanwhile, Bitcoin is currently looking to hold above the psychological $90,000 level, which could pave the way for higher prices for SHIB given their positive correlation.  

Community Gives Update On SHIB’s Progress

In an X post, Shiba Inu community member Shibizens gave an update on SHIB’s progress over the last few days. The community member noted that over 45 billion SHIB have been moved off exchanges, indicating that holders are accumulating. Shibizens also alluded to a $35 million whale transfer into a private wallet, suggesting that SHIB whales are also bullish. 

Furthermore, Coinbase is set to launch Shiba Inu futures on December 12 for institutional and retail investors, which could boost the meme coin’s adoption. Meanwhile, NYSE Arca has filed the 19b-4 for T. Rowe’s Shiba Inu ETF, bringing the ETF one step closer to launch. 

Shibuzens also highlighted upgrades on the Shibarium network, which could provide a major boost for SHIB. This includes the RPC upgrade, while a full privacy upgrade has been confirmed using encrypted tech. There are plans to roll this out by next year. 

At the time of writing, the Shiba Inu price is trading at around $0.000008498, up in the last 24 hours, according to data from CoinMarketCap.

• Bybit and Circle deepen USDC integration to boost liquidity, fiat access, and cross-chain support.
• USDC nears $80B market cap in 2025 as regulated stablecoins gain global momentum.
• Partnership comes amid fierce stablecoin competition, with Tether and USDC both expanding rapidly.

Circle and cryptocurrency exchange Bybit have entered a new phase of collaboration aimed at expanding how USDC operates across global markets.

The announcement was made on Monday and reflects a rising emphasis on regulated stablecoins as users demand clearer liquidity pathways, stronger compliance standards, and faster settlement.

The partnership arrives during a period when USDC is approaching an $80 billion market cap, marking one of the fastest expansions in the stablecoin sector this year.

Broader USDC access across Bybit’s ecosystem

Bybit has partnered with an affiliate of Circle to widen the reach of USDC within its trading and payment infrastructure.

The exchange plans to strengthen how users access the stablecoin across spot markets, derivatives platforms, and payment channels.

This marks a continuation of Bybit’s long-running effort to integrate USDC into its core systems, supporting more predictable liquidity and creating a consistent experience across multiple products.

The goal is to refine the underlying rails that allow users to trade, store, and move USDC with improved stability.

Improving liquidity, fiat connectivity, and cross-chain support

A major part of the collaboration focuses on enhancing how users convert between fiat and USDC.

Bybit and Circle are working on expanding both on-ramps and off-ramps so customers can move funds more efficiently.

The partnership also aims to raise liquidity quality, which is increasingly important as stablecoins become embedded in everyday trading activity.

Alongside this, the firms plan to expand cross-chain support for USDC, allowing the stablecoin to operate across more networks with higher reliability.

These upgrades align with Circle’s regulatory framework in the EEA under MiCA, giving the company a stronger position in regions that prioritise compliance.

Deepening integration after years of stablecoin expansion

USDC has been part of Bybit’s trading infrastructure for several years.

The exchange first introduced the stablecoin through spot and perpetual trading pairs, then expanded it to savings products, institutional settlement features, conversion channels, and fiat payment tools.

The new partnership builds on this foundation by improving liquidity provisioning and strengthening the systems that support settlement and use cases.

With USDC now operating across a wide range of services on the platform, the added infrastructure is designed to support growth in both retail and institutional demand.

USDC posts rapid market cap growth in 2025

The timing of the partnership aligns with a strong year of expansion for USDC.

The stablecoin’s market cap has increased by 77% since 1 January 2025, rising from about $44 billion to $78 billion.

This surge has been supported by Circle’s engagement with traditional finance through collaborations with organisations such as Deutsche Börse and Mastercard.

The trend highlights the growing role of regulated stablecoins in both decentralised and institutional environments, as users look for predictable and transparent digital dollar instruments.

Stablecoin competition rises as Tether also expands

Bybit’s partnership with Circle unfolds within a competitive stablecoin landscape.

Tether, the largest stablecoin by market capitalisation, has seen its supply increase from $137 billion to $185.6 billion since the beginning of the year, a rise of about 36%.

The sector’s rapid expansion is pushing exchanges to refine their stablecoin strategies and strengthen the systems that support them.

Bybit maintains support for multiple stablecoins and continues to emphasise user choice as it updates its architecture for global markets.

The post Bybit partners with Circle to scale USDC access across trading and settlement appeared first on CoinJournal.

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