Circle and Lighter have entered into a strategic partnership that specifies: $USDC It will be used as the default preferred stablecoin across the decentralized perpetual exchange’s entire product stack.
Circle said in a Tuesday post on X that the integration covers spot and perpetual trading, settlement, clearing and onboarding flows.
“As the on-chain market expands, trusted dollar infrastructure becomes the core infrastructure of the market,” the stablecoin issuer wrote, framing the deal as part of a broader push to embed the digital dollar deeper into the on-chain trading arena.
The writer replied: $USDC has been a foundational asset for the protocol and its traders since day one, and the two companies plan to continue to build together in the future, he added.
The deal comes as the writer works to regain momentum lost since the token generation event in December. The exchange briefly led the PERP DEX market in volume in November and December, but has since fallen behind Hyperliquid, Aster, and EdgeX.
According to DefiLlama, Lighter currently ranks 4th in seven-day trading volume with approximately $8.7 billion. Meanwhile, the LIT token has struggled despite a series of feature rollouts such as integrated collateralized accounts and multi-asset margins.
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