Circle removes USDC redemption surcharges as Express keeps its 0.05% fee

Circle is removing its separate net-redemption overage fee from USDC and EURC conversions into fiat under a revised Circle Mint fee schedule that starts taking effect Oct. 19, 2026. Existing customers move onto the pricing at the start of their next billing period on or after that date.

Under the public schedule, institutional customers can choose Standard redemptions with no Circle redemption fee or Express redemptions charged at 0.05% of the gross amount before credits. The overage surcharge disappears across all tiers, while the Express base fee remains.

Circle Mint serves institutions such as exchanges, banks, wallet providers and institutional traders. It is unavailable to individuals or customers minting stablecoins for personal use.

USDC redemption fees under Standard and Express

Basic becomes Standard, while Institutional becomes Express. Circle is retiring the previous Standard tier, including its daily net-redemption fee and $10 million daily gross limit. The new Standard option is the renamed Basic tier.

Standard processing takes up to two business days. Express quotes near-instant processing for 5 basis points, or 0.05%, of gross redemptions before credits.

Both timings cover Circle's processing, followed by additional bank settlement time. The clock starts when Circle accepts a complete request. Compliance, fraud or sanctions reviews, or unavailable banking partners and payment rails, can extend processing. Circle says these processing and settlement mechanics remain unchanged.

Express customers that mint more than they redeem during a billing period may receive credits against redemption fees. Net minting is gross mints minus gross redemptions.

Circle lists a 25% credit for eligible positive net minting, rising to 75% at $40 million and 100% at $100 million in net minting. Credits cannot exceed redemption fees paid, depend on activity during the billing period, and are not guaranteed. A zero or negative net-minting position receives no credit.

The schedule exempts Circle Payments Network activity from Express redemption fees. A separate written agreement takes precedence if it conflicts with the public schedule.

In an Oct. 16 article discussing Circle's redemption economics, Circle Chief Commercial Officer Kash Razzaghi said CPN payment flows could redeem for free in near real time, while other platform customers could qualify through balances and eligible products.