Circle Extends Coinbase Partnership for USDC Stablecoin

Circle has renewed its deal with Coinbase to issue USDC stablecoin. This partnership allows users on the Coinbase platform to easily purchase and hold USDC, which is a USD-pegged cryptocurrency.

The agreement between Circle and Coinbase will continue for an undisclosed period of time, but it appears that both parties have agreed to extend their current terms. Notably, Circle has stated that they will not be issuing any dividends as part of this deal.

USDC is one of the most widely used stablecoins in the cryptocurrency market, with over $50 billion in circulation. Its partnership with Coinbase has contributed significantly to its adoption and popularity among investors.