In #Alpha2.0爆款冲击 2024, Circle reported revenue of $1.68 billion, up from $1.45 billion in 2023. A large portion of its earnings came from USDC reserve income. However, net income fell from $268 million to $156 million. USDC is currently one of the largest stablecoins, with a market capitalization of approximately $60 billion. Major banks such as JPMorgan and Citigroup served as lead underwriters for this IPO.