This page describes the fees and credits that apply when you redeem USDC or EURC through your Circle Mint account. It forms part of the fee schedule referenced in the Circle Mint User Agreement, the USDC Terms, and the EURC Terms (together, the "Terms"). Capitalized terms that are used but not defined on this page have the meanings given in the Terms. If this page conflicts with a separate written agreement between you and Circle, that written agreement controls.
Circle regularly evaluates its redemption structure for USDC and EURC as we continue to expand our banking infrastructure and support customer needs.
Effective on or after October 19, 2026, we are simplifying the Circle Mint redemption fee structure. All customers can redeem USDC and EURC without any redemption fee charged by Circle through Standard (formerly Basic) redemptions. Express redemptions carry a 5 bps fee on the gross redemption amount, which may be reduced or eliminated through net minting credits. These changes preserve the fast, reliable fiat access customers depend on. Existing Mint customers will be subject to the new fee structure at the start of the next billing period on or after October 19.
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Redemption Structure - Beginning October 19, 2026 | ||
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Standard (formerly Basic) |
Express (formerly Institutional) | |
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Fee on gross redemptions |
None (0 bps) |
5 bps on the gross redemption amount |
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Net Mint Redemption Credit |
N/A (no fees to credit) |
Qualify by net minting dollars for the billing period: $0+ = 25% credit $40M = 75% credit $100M = 100% credit Credits are capped at redemption fees paid. |
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Processing** |
Within two business days, plus bank settlement time |
Near-instant, plus bank settlement time |
* Indicates new and/or changed from the current public tier.
** Processing times run from Circle’s acceptance of a complete redemption request and do not include the time your bank or the payment rail takes to credit funds. Processing may take longer if Circle must complete compliance, fraud, or sanctions review, if a payment rail or banking partner is unavailable, or as otherwise permitted under the Terms.
You can switch your redemption structure by contacting Customer Care. Our team is available 24/7 to assist you.
Customers using the Core API for Institutions
Customers using Core API for Institutions will have sub-accounts within their Circle Mint account, each representing mint/redemption activity for a specific end customer. Credits are calculated at the sub-account level and settled by Circle with the customer at the end of the month. You are responsible for any allocation of credits to your end customers. Express (formerly Institutional) pricing applies to all sub-accounts.
Important balance rule
USDC redemptions and fees can only be deducted from your USDC balance. EURC redemptions and fees can only be deducted from your EURC balance.
Effective on or after October 19, 2026, the Circle Mint redemption structure:
Retains Net Mint Redemption Credits. Customers can choose between Standard and Express redemptions based on their needs.
Yes. Basic is renamed Standard, Institutional is renamed Express, and the prior Standard tier is retired.
Express customers who mint more than they redeem during a month may receive a credit on redemption fees paid. Customers qualify by net minting dollars:
Credits are capped at redemption fees paid during that period, are not guaranteed, and depend on net minting activity. No credit applies for a Billing Period in which your net minting position is zero or negative.
Circle calculates a fixed evaluation window, starting on the same day of each month.
Net minting position is defined as:
Standard redemptions remain free, and the Net Redemption Overage Fee no longer applies.
The Net Redemption Overage Fee is removed.
Circle regularly evaluates its redemption structure to:
The updated structure takes effect on or after October 19, 2026.
There are two types of fees/credits that a customer can accrue:
1) Daily Redemption Base Fees
Customers using Express redemptions are charged the following daily fee. Standard redemptions are free:
2) Net Mint Redemption Credit
Daily fees are calculated each day. Customers can track their estimated daily fees based on their mint and redemption activity via UI and APIs.
For customers with a Net Mint Redemption Credit, we:
Example
All fees, credits, and invoices are processed on the fourth business day of the month following the end of a billing cycle.
This follows the same schedule as the current redemption fee invoicing process.
Example
If you have additional questions about your tier, fees, or how to estimate charges, please contact customer-support@circle.com.
Yes. Tier changes are available by contacting customer-support@circle.com.
New tier changes will be effective on the following day (USDC=12pm ET, EURC=12pm CET).
The daily redemption calculation resets at the following times for all accounts, regardless of redemption tier: USDC: 12pm ET; EURC: 12pm GMT + 2
No. Net Mint Redemption Credits depend on net minting activity during the monthly window and cannot exceed redemption fees paid in that period.
No. Settlement timing may vary based on transaction method and banking rails.