What are network fees?

Network fees, commonly called gas fees, are fees incurred by sending USDC/EURC out of your Circle Mint account to a third-party wallet address.

Which blockchains are impacted by network fees?

On blockchains that charge gas fees, network fees will apply to all outgoing USDC transfers made from your Circle Mint account. These fees vary based on the blockchain used, transaction complexity, and real-time network conditions.

Which Circle Mint transactions do network fees apply to?

Network fees are applied to all outgoing USDC/EURC transfers made from your Circle Mint account.

Which Circle Mint transactions do network fees not apply to?

Network fees are not applied to minting of USDC/EURC.

Will it apply to onchain outgoing USDC transfers from our Circle account?

Yes. Network fees apply to outgoing USDC transfers made from your Circle account when sending on certain blockchains. These fees vary based on the blockchain used, transaction complexity, and real-time network conditions.

Will it apply to redeeming USDC to USD for settlement to our bank account?

No. Network fees are separate from redemption fees .

What if my account has an existing Master Service Agreement (MSA) that references Network Fees?

This clarification does not change your current billing with respect to network fees. The pricing set forth in your Master Service Agreement (MSA) will govern the network fees in place with your organization through the life of that MSA. Upon termination of the MSA, the network fees will revert to these standard network fees that Circle passes along to you.

Network Fee Calculation

Network fees will be passed through exactly as incurred by Circle. Circle pays these fees in the native token. We convert those tokens to USD at the time of the transfer, aggregate fees, and invoice customers during the first five business days of the following month.

The network fees are based on several factors, including:

• Blockchain Used: Different blockchains have varying fee structures.
• Transaction Complexity: More complex transactions, such as those involving smart contract interactions, may incur higher fees.
• Real-time Network Conditions: Fees fluctuate depending on network congestion at the time of the transaction.