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Circle Raises Stablecoin Fees Despite Rising Crypto Market Competition (USDC)

For the second time in less than a year, Circle Internet Financial Ltd. has increased the fees it charges to cash out holdings of its USDC stablecoin.Redemption of USDC via the Circle Mint platform used to be free and unlimited. In February, Circle introduced a fee for swaps above $15 million. Now, there are additional fees applicable to users seeking near-instant redemption of USDC if the value exceeds more than $2 million a day. Those fees start at 0.03% per transaction at that threshold, and ...

Read more at bloomberg.com

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