Circle is removing its separate net-redemption overage charge for institutional conversions of USDC and EURC into fiat, under a revised Circle Mint fee schedule taking effect from billing periods beginning on or after October 19, 2026. The Express option will continue to carry a 0.05% fee before eligible credits.
Revised Circle Mint pricing
The change applies to Circle Mint, a platform used by institutions including exchanges, banks, wallet providers and institutional traders. The service is not available to individuals or customers minting stablecoins for personal use.
Under the new schedule, the former Basic tier is being renamed Standard, while the former Institutional tier becomes Express. Circle is also retiring the previous Standard structure, which included a daily net-redemption fee and a $10 million daily gross limit.
Standard redemptions have no Circle redemption fee. Express redemptions cost 0.05% of the gross amount before any applicable credits. The removal of the overage charge therefore affects both tiers, but does not eliminate Express’s base fee.
Existing customers will move to the revised pricing at the start of their next billing period that begins on or after October 19. The new schedule covers conversions of both USDC and EURC into fiat.
Processing times and Express credits
Standard processing can take up to two business days. Express offers near-instant processing for the 5-basis-point charge, although both options can require additional time for bank settlement.
The processing clock begins when Circle accepts a complete request. Compliance, fraud or sanctions reviews, along with unavailable banking partners or payment rails, can extend the timeline. Circle says these processing and settlement arrangements are unchanged by the pricing revision.
Express customers may receive credits when they mint more stablecoins than they redeem during a billing period. Circle calculates net minting by subtracting gross redemptions from gross mints. The published credits are:
- 25% for eligible positive net minting
- 75% at $40 million in net minting
- 100% at $100 million in net minting
Credits depend on activity during the billing period, are not guaranteed and cannot exceed redemption fees paid. Customers with zero or negative net minting receive no credit. Activity through the Circle Payments Network is exempt from Express redemption fees, while a separate written agreement takes precedence if it conflicts with the public schedule.
Market picture
Moneyiar market data recorded at 22:33 on October 19, 2026, put USDC at $0.9999036518, up 0.01% over 24 hours and down 0.01% over seven days. NEX was $0.0000006715, down 6.01% in 24 hours and 17.01% over seven days. XPR stood at $0.0019520096, up 0.42% over 24 hours and down 11.99% over seven days. Billions Network’s BILL was $0.0139971939, down 0.59% over 24 hours and up 10.04% over seven days, according to Moneyiar data recorded at 01:39 on September 21, 2026.
The pricing changes were reported by CryptoSlate, which also noted Circle’s stated distinction between free Standard redemptions and the continuing Express charge.
