CoinVoice has learned that, according to The Block, Circle has announced an increase in its USDC stablecoin exchange fees. This move aims to respond to changes as the Federal Reserve lowers interest rates, which has reduced cash reserve yields for stablecoin operators.
Circle currently charges fees for USDC exchanges exceeding $15 million, and additional fees for fast 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 listing.
In the increasingly competitive stablecoin market, despite Tether dominating with over 70% market share, Circle still faces competitive pressure from smaller and more agile startups. [Original link]