Circle secures USDC’s core position in the Coinbase ecosystem, with the three-year revenue-sharing agreement renewed.
2026.08.05 22:51:12
Jeremy Allaire, founder and CEO of USDC issuer Circle, stated during tonight's earnings call: "We have renewed our agreement with Coinbase on existing terms, ensuring USDC remains central to all of Coinbase's product lines. We also look forward to expanding our USDC network via distribution agreements with strategically aligned partners." The two firms signed the "Collaboration Agreement" on August 18, 2023. As the sole issuer of USDC, Circle splits interest income generated from USDC reserve assets with Coinbase: Coinbase receives 100% of the reserve interest from USDC held on its platform, and 50% of the remaining reserve interest from USDC held off its platform. The agreement has an initial three-year term with an automatic renewal mechanism. Per market data from BIT (bit.com), US-listed CRCL was down 2.8% intraday, trading at $61.5.
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