Circle raises USDC cash-out fees, affecting large-scale redemptions
The fee structure revision primarily affects institutional investors and high-volume traders.
Stablecoin issuer Circle has raised its fees for redeeming its USD Coin (USDC) for the second time in less than a year.
According to an Oct. 29 Bloomberg report, since September, the company has been collecting fees on daily redemptions of at least $2 million.
In February, Circle introduced swap charges for redemptions above $15 million through its Circle Mint platform.
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Author: Ana Paula Pereira
