ChainCatcher news, according to The Block, Circle has announced an increase in the redemption fees for its USDC stablecoin. This move is aimed at addressing the changes resulting from the Federal Reserve's interest rate cuts, which have reduced the cash reserve yields for stablecoin operators.Circle currently charges fees on USDC redemptions exceeding $15 million and imposes additional fees on rapid redemptions over $2 million per day. These fees start at 0.03% per transaction and can go up to 0.1%. This fee adjustment comes in the context of the company preparing for an IPO.In an increasingly competitive stablecoin market, despite Tether dominating with over 70% market share, Circle still faces competitive pressure from smaller and more agile startups.

ChainCatcher news, Coinbase stated that when institutional clients exchange a net amount of USDC for USD exceeding $75 million within 30 days, a conversion fee will be required.Among them, transactions between $75 million and $150 million will incur a fee of 0.1%; transactions between $150 million and $500 million will incur a fee of 0.15%; exchanges exceeding $500 million will incur a fee of 0.2%.Coinbase further stated that Coinbase Prime clients holding assets over $500 million on the platform or maintaining an average of $100 million in USD/USDC per month will be exempt from conversion fees.