Coinbase CFO Reveals USDC-Circle Contract Auto-Renews Into Perpetuity and Has No Termination Clause

TLDR: Coinbase CFO Alesia Haas confirmed the USDC contract auto-renews every three years into perpetuity. CLO Paul Grewal confirmed Circle’s contract terms are set and will auto-renew without renegotiation. The USDC contract cannot be terminated by either party, providing Coinbase with long-term stability. Coinbase earns a share of USDC reserve interest income, secured through the [...]

The post Coinbase CFO Reveals USDC-Circle Contract Auto-Renews Into Perpetuity and Has No Termination Clause appeared first on Blockonomi.