BIT to Utilize Circle's 'Fiat to Crypto' On-Ramp and USDC Settled Products

This collaboration with Circle will allow BIT users to transfer fiat into their BIT accounts as USDC and withdraw USDC to USD via bank wire. In October, BIT launched USD-settled options. USD-settled options are more scalable for launching cryptocurrency options. BIT’s USD-margined products are powered by its USD basket program, which now supports USDC. Together, we will provide the stability of USDC to BIT customers and making USDC more accessible,” said Raagulan Pathy, Vice President of Asia Pacific for Circle.