Circle Extends Coinbase USDC Partnership Through 2029, Rejects Dividend Plans to Fuel Growth

Circle Internet Group confirmed that its long-standing commercial arrangements with Coinbase would continue and that USDC would continue to see deep integration throughout the exchange’s ecosystem under the same economic arrangement.

The announcement was made during the company earnings call for the second quarter of fiscal year 2026, during which management stated that it had no intention to pay quarterly dividends because profits would be used for product development, infrastructure and planned development.

The partnership was established in August 2023 following the dissolution of the Centre Consortium and is subject to an automatic rolling continuing period through June 2029 under the companies’ collaboration agreement.

Circle Renews Coinbase USDC Deal, Rules Out Quarterly PayoutsCircle said it has renewed its partnership with Coinbase on existing terms, preserving USDC’s central role across the exchange’s product ecosystem while continuing to pursue distribution agreements with other… pic.twitter.com/sAKL1twmJ7— Wu Blockchain (@WuBlockchain) August 6, 2026 Following this corporate restructuring, Circle became the sole issuer and regulator of USDC, while Coinbase obtained a minority stake in Circle and continued to play a major role in distributing USDC.