According to BlockBeats, on October 30, The Block reported that stablecoin issuer Circle will increase the exchange fee for its USDC stablecoin. Circle will charge a fee for USDC exchange exceeding $15 million, and an additional fee for instant redemptions exceeding $2 million per day. These fees start at 0.03% per transaction and can be as high as 0.1% for redemptions exceeding $15 million.
The Block analysts said it seems reasonable for Circle to adjust its fees given the low interest rate environment and IPO pressure.
