CoinVoice has recently learned that, according to The Block, Circle has announced an increase in its USDC stablecoin exchange fees. This move is in response to the decrease in cash reserve yields for stablecoin operators due to the Federal Reserve lowering interest rates.
Circle currently charges a fee for USDC exchanges exceeding $15 million and additional fees for rapid redemptions exceeding $2 million per day. These fees start at 0.03% per transaction and can go up to 0.1%. This fee adjustment is made in the context of the company's preparations for going public.
In an increasingly competitive stablecoin market, although Tether dominates with over 70% market share, Circle still faces competitive pressure from smaller, more agile startups.[Original link]