Circle released its latest financial report tonight Core financial report data: Total revenue and reserve income - $2.7 billion (mainly earned from interest) USDC circulation - $75.3 billion (market share increased to 28%) On chain transaction volume - $11.9 trillion (a year-on-year increase of 270%) Net profit loss of $70 million (equity incentive of $420 million issued) Circle's profit model is very simple. Everyone saves money and Circle buys treasury bond. The risk is basically zero Although we lost $70 million this year, the actual reason was the $424 million stock compensation expenses generated from the IPO after going public. Excluding this part, we actually earned $130 million After the financial report came out, Circle rose by 20%, which is really exaggerated What has the stock market in the cryptocurrency industry fallen to? Indeed, cryptocurrency and compliance are the real things that can make money By the way, the official prediction is that USDC will achieve an annual usage growth of 40%. Although the cryptocurrency market is sluggish, the era of stablecoins will definitely come! If you want to buy Circle, you can go to Maitong @ MSX_CN