BlockBeats news, on May 8, Coinbase CFO Alesia Haas stated during this morning’s earnings call: “Coinbase’s USDC agreement (note: refers to the distribution agreement with Circle) automatically renews every three years and is perpetual. The contract cannot be terminated.”
Coinbase Chief Compliance Officer Paul Grewal also stated: “Fortunately, the terms of our contract with Circle are already in place, and, as Alesia Haas emphasized, these contracts automatically renew. We expect to continue our partnership with Circle under the same terms in the future.”