Circle Internet Financial has announced the removal of redemption fees for USD Coin (USDC), a move supported by 12 new companies joining its ecosystem. This development follows the recent formation of the CENTRE Consortium by Circle and Coinbase, which aims to standardize fiat currency usage on the internet and promote stablecoin adoption globally. USDC, the first open and interoperable fiat stablecoin, allows customers to convert dollars into USDC and vice versa via Circle and Coinbase, now without redemption fees. Since its introduction, USDC has gained support from approximately 50 companies, with ongoing adoption by exchanges, platforms, and wallet providers such as BitMart and Nexo. The circulating supply of USDC has surpassed 125 million as market participants seek a transparent and compliant USD token, signaling growing trading volume and increased interest in the stablecoin.