Circle Match enables hourly auctions for USDC minting and redemption

USDC: USDC is the stablecoin issued by regulated affiliates of Circle Internet Financial, LLC. Circle Match enhances primary-market economics for institutional minting and redeeming of USDC by enabling matched orders to share a single clearing fee. Participation occurs entirely within the Circle Mint environment with prefunded, atomic settlement. Circle Mint: Circle Mint is Circle Internet Financial, LLC’s institutional service for minting and redeeming USDC at volume. It now includes Circle Match, which runs hourly auctions to pair mint and redemption demand from eligible customers. Users retain control over terms while accessing the same USDC flows with improved fee economics. Circle Match: Circle Match is the hourly prefunded auction mechanism now available inside Circle Mint for pairing institutional USDC mint and redemption orders. Matched mints receive the clearing fee as a rebate while redemptions clear at or below the Express rate set by the user. The feature operates transparently through the Mint interface and API with self-match prevention and one-minute order locks. Circle Internet Financial, LLC: Circle Internet Financial, LLC operates Circle Mint, the institutional platform for minting and redeeming USDC. It has launched Circle Match as an optional auction feature inside Mint to connect offsetting mint and redemption orders. The company provides these services as a licensed money transmitter with regulatory authorizations for USDC issuance through its affiliates. Product Innovation: Circle Match introduces optional hourly auctions that bring natural mint-and-redeem demand together inside the primary USDC market. Institutional Efficiency: The mechanism allows minting institutions to earn rebates and redeeming institutions to control fees without bilateral negotiations or secondary-market spreads.