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.

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.