Circle’s new USDC auctions let institutions collect the fees others pay to cash out

Eligible institutions can collect rebates funded by matched redeemers, whose auction fees are capped at the Express rate. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
Key Takeaways
- Circle’s new USDC auctions let institutions collect the fees others pay to cash out.
- Eligible institutions can collect rebates funded by matched redeemers, whose auction fees are capped at the Express rate.
- Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.
Eligible institutions can collect rebates funded by matched redeemers, whose auction fees are capped at the Express rate. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
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Published originally on CryptoSlate
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