Coinbase confirms its USDC stablecoin agreement with Circle auto-renews indefinitely under fixed terms every three years.
Coinbase’s chief financial officer revealed the company’s USDC stablecoin contract with Circle auto-renews every three years into perpetuity and cannot be terminated. The terms remain fixed under the existing agreement, ensuring continuity without renegotiation.
The company’s chief legal officer added that the current contract will auto-renew under the same conditions, with no changes expected. This structure provides long-term stability for the partnership, which underpins the USDC stablecoin’s market operations.
No immediate market reaction was disclosed following the announcement during the earnings call.