According to ChainCatcher, Jeremy Allaire, founder and CEO of Circle, stated during tonight’s earnings call: “We have successfully renewed our agreement with Coinbase on existing terms, ensuring that USDC remains central to all of Coinbase’s product offerings. We also look forward to continuing to expand our USDC network through distribution agreements with strategically aligned partners.”
Circle Renews Distribution Agreement with Coinbase on Existing Terms
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Summary
Circle CEO Jeremy Allaire confirmed during an earnings call that the company has renewed its distribution agreement with Coinbase under existing terms. This move ensures USDC remains central to Coinbase’s product offerings. Allaire also outlined plans to pursue new strategic partnerships to expand the USDC network. On-chain developments continue to underscore key advances in stablecoin integration. The renewal precedes potential infrastructure upgrades aimed at enhancing USDC’s network.
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