Wu Blockchain (@WuBlockchain): Circle Renews Coinbase USDC Deal, Rules Out Quarterly Payouts
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Circle Renews Coinbase USDC Deal, Rules Out Quarterly Payouts Circle said it has renewed its partnership with Coinbase on existing terms, preserving USDC’s central role across the exchange’s product ecosystem while continuing to pursue distribution agreements with other strategic partners. CFO Jeremy Fox-Geen said the company has no plans to introduce quarterly dividends, arguing that reinvesting capital in growth and strategic initiatives should generate stronger long-term shareholder returns. Circle is the NYSE-listed issuer of USDC, the world’s second-largest dollar-backed stablecoin by market value.