According to Coinbase executives, the contract renews automatically in perpetuity, cannot be terminated, and is expected to continue under the same terms with Circle.
Coinbase said its USDC distribution agreement with Circle renews automatically every three years in perpetuity, indicating a long-running commercial framework behind the stablecoin. Chief Financial Officer Alesia Haas said the contract cannot be terminated, while Chief Legal Officer Paul Grewal said Coinbase expects to keep working with Circle under the same terms. The remarks point to continued operational continuity for USDC, one of the largest dollar-pegged stablecoins used across crypto trading, payments, and blockchain-based finance.