Morning Edition · Thursday, August 6, 2026Published at 1:48 AM EDT · New York
The arrangement that routes most of USDC's reserve income to its largest distributor continues on existing terms, and Circle is directing cash to growth rather than to shareholder payouts.

Circle has renewed its distribution agreement with Coinbase for three years and told investors it will not pay a quarterly dividend, directing capital instead toward growth and partnerships, crypto.news reported. Coinbase Chief Financial Of…
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Part of a tracked trend
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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