X @Wu Blockchain

Coinbase: USDC Contract With Circle Auto-Renews Every Three Years and Cannot Be TerminatedCoinbase CFO Alesia Haas said on the earnings call that Coinbase’s USDC contract auto-renews every three years into perpetuity and cannot be terminated. Coinbase CLO Paul Grewal also said the company’s existing contract terms with Circle are set, will auto-renew, and Coinbase expects to continue the relationship under the same terms. ...