Circle Match puts two opposite needs into one hourly auction: institutions creating $USDC and institutions redeeming it for dollars.
Circle's October 22 announcement says matched redemptions pay a clearing fee, currently passed to matched minters as a rebate. Minters choose their minimum rebate; redeemers set their maximum fee. Both sides prefund their orders.
The practical limit is access and execution: only eligible Circle Mint customers can participate, jurisdiction matters, and matching or a particular rebate is never assured.
Circle's October 22 announcement says matched redemptions pay a clearing fee, currently passed to matched minters as a rebate. Minters choose their minimum rebate; redeemers set their maximum fee. Both sides prefund their orders.
The practical limit is access and execution: only eligible Circle Mint customers can participate, jurisdiction matters, and matching or a particular rebate is never assured.