“Circle to Introduce New Fees for USDC Stablecoin: How Much You’ll Pay for Redemptions Over $15M”...

**Circle to Introduce Exchange Fees for USDC Stablecoin Redemptions** According to a recent report by The Block on October 30, Circle, the issuer of the popular USDC stablecoin, will be implementing exchange fees for large-scale redemptions. This change aims to address the challenges posed by the current low-interest rate environment and the pressure of an initial public offering (IPO). **Key Details of the New Fee Structure:** – A fee will be charged for USDC redemptions exceeding $15 million. – Additional fees will be applied for instant redemptions exceeding $2 million per day. – The fees will range from 0.03% to 0.1% per transaction, with the higher rate applying to redemptions over $15 million. **Analyst Insights:** Analysts at The Block have observed that Circle’s decision to adjust its fee structure is reasonable, taking into account the current market conditions, including lower interest rates and the anticipation of an IPO. This change reflects the company’s efforts to maintain a sustainable business model amidst evolving financial landscapes. **Source:** [https://m.theblockbeats.info/news/268417](https://m.theblockbeats.info/news/268417)

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