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Morning Edition · Thursday, August 6, 2026Published at 1:33 AM EDT · New York
Circle Locks In Its Coinbase Distribution Deal for Three More Years and Rules Out a Dividend
The renewal keeps the terms that sent about half of Circle's revenue and reserve income to its main distributor, while USD Coin circulation stands at $71.8 billion against Tether's $183.4 billion.
Circle has renewed its USD Coin distribution agreement with Coinbase for three years and ruled out paying quarterly dividends, saying it will direct capital toward growth and partnerships instead. Coinbase chief financial officer Alesia Haa…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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