Circle Match pairs institutional USDC orders in hourly auctions

Community Trust Score Verified 82 % Real Verified 34 votes Updated 55 seconds ago Circle announced Circle Match on Oct. 22, a newly available service that pairs eligible institutions’ USDC mint and redemption orders in hourly, prefunded auctions. Under the mechanism, institutions cashing out of USDC fund rebates for institutions minting the stablecoin, according to the company. The service is restricted to eligible institutional Circle Mint customers, requiring approval and varying in availability by jurisdiction.

Source: The Currency Analytics