Circle confirmed the renewal of the USDC cooperation agreement with Coinbase and the exclusion of the quarterly bonus plan

On 8 August, it was reported by Bitcoin.com News that, at a telephone conference in Q2 newspaper, Circe confirmed that the Cooperation Agreement with Coinbase had been renewed and that the terms of the Cooperation Agreement with Coinbase remained unchanged, and that USDC continued to integrate its products in depth. Circle did not disclose the specific economic terms of the renewal. Circle also excluded the quarterly bonus scheme, and the CFO stated that “we believe that the return on investment in the platform is far greater than the payment of quarterly dividends”, and that companies prefer to use capital for growth rather than to return cash to shareholders. The total income and reserve income of Circle Q2 amounted to $701 million, an increase of 7 per cent over the same period, with USDC liquidity at the end of the season of $73.3 billion. The company has more than 150 distribution agreements and is expanding the distribution channels of the USDC。