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BREAKING: Circle Unleashes Hell on Your Wallet – The Shockingly Brutal Truth About Cash-Out Fees That Will Leave You Speechless!

A  illustration of a wallet being attacked by demonic figures with dollar signs and chains surrounding it; in the background, a cityscape with skyscrapers labeled 'Wall Street' and 'Financial District', amidst chaos and flames.

Just when you thought Circle’s USDC couldn’t get any more ‘stable’, they raise fees on cash-outs like it’s going out of style! The company has been quietly collecting fees from daily redemptions over $2 million since September, because who needs free money, right? It seems the stablecoin issuer is trying to make up for its declining market share by nickel-and-diming institutional investors and high-volume traders. Just don’t try redeeming your USDC without waiting two whole days – that’s just a fun little bonus!.

Source: cointelegraph

Stablecoin issuer Circle has raised its fees for redeeming its USD Coin (USDC) for the second time in less than a year. According to an Oct. 29 Bloomberg report, since September, the company has been collecting fees on daily redemptions of at least $2 million. In February, Circle introduced swap charges for redemptions above $15 million through its Circle Mint platform. The new fees begin at 0.03% per transaction and […]

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