Eligible institutions can collect rebates funded by matched redeemers, whose auction fees are capped at the Express rate. Read the full story on CryptoSlate Understand the crypto stories that matter and what to watch next.

Source: [CryptoSlate](https://cryptoslate.com/circles-new-usdc-auctions-let-institutions-collect-the-fees-others-pay-to-cash-out/)

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