Circle pays Coinbase $908M for USDC distribution, deal renews in August
Circle paid Coinbase $908M for USDC distribution, with the deal set to renew in August. The renewal of the Circle-Coinbase USDC deal in 2026 could significantly impact revenue distribution, investor confidence, and market dynamics.
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The $908 million consumed roughly 54% of Circle's 2024 revenue under an August 2023 agreement whose first three-year renewal arrives in August 2026 — just after Coinbase backed rival stablecoin consortium Open USD.
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