Is stablecoin profitable or not? How much money do you make? -Circle prospectus - Financial analysis report on stablecoin market 1、 Basic information of Circle 2、 Market size and competitive landscape The stablecoin market shows a clear head effect, with Longyi Tether (USDT) occupying an absolute dominant position with a circulation of $150 billion, accounting for 65%, while Circle (USDC) remains in second place with a circulation of $60 billion. The issuance scale of Circle is 60 billion US dollars, although there is still a big gap from Dragon One Tether's 150 billion US dollars, it has a clear lead over the third place with 7.3 billion US dollars, and can be said to be a very stable Dragon Two position