# Circle lets institutions collect rebates by matching other holders' USDC redemptions

Matched redeemers pay auction fees capped at the 0.05% Express rate, under a Circle Mint fee schedule that took effect Oct. 19 and dropped a separate overage fee on net redemptions.

- Published: 2026-10-25T05:49:12.746Z
- Canonical: https://polylog.news/crypto/2026-10-25/circle-lets-institutions-collect-rebates-by-matching-other-h
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CryptoSlate](https://cryptoslate.com/circles-new-usdc-auctions-let-institutions-collect-the-fees-others-pay-to-cash-out/), [Digital Today](https://www.digitaltoday.co.kr/en/view/116755/circle-revises-usdc-redemption-fees-standard-free-express-0-05-percent), [CoinoTag](https://en.coinotag.com/circle-removes-usdc-eurc-redemption-excess-fees-circle-mint)

Circle has introduced auctions that let eligible institutions earn rebates funded by redeemers they are matched with. The fees those redeemers pay are capped at Circle's Express rate. A holder who wants dollars quickly can have its USDC rou…

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