Circle Opens Hourly USD Coin Auctions for Institutional Minting and Redemptions
Photo: TokenPost
Circle opened Circle Match to eligible Circle Mint customers on Oct. 22, pairing requests to mint USD Coin (USDC) with requests to redeem it in hourly auctions that set one fee for matched orders. Matched orders clear at a uniform fee. Redeemers pay it, while minters receive it as a rebate credited in spendable USDC to their regular Circle Mint wallets. Customers seeking to mint set the minimum rebate they will accept; those seeking to redeem set the maximum fee they will pay, capped at Circle’s Express rate.
Source: TokenPost
