The basic scenario assumes that the company has successfully developed due to the growing attention to stablecoins. In this case, Circle is able to establish strategic partnerships with major players in the financial industry, thereby ensuring sustainable business growth and demonstrating the reasonableness of its high valuation. The basic scenario assumes that the company has successfully developed due to the growing attention to stablecoins. In this case, Circle is able to establish strategic partnerships with major players in the financial industry, thereby ensuring sustainable business growth and demonstrating the reasonableness of its high valuation.