Wu Shuo learned that Dragonfly investor Omar stated that a 100 basis point interest rate cut would result in an annualized total revenue reduction of $618 million (-23%), gross profit reduction of $303 million (-30%), and profit margin decline of 3.3 percentage points for interest rate sensitive company Circle; The valuation will increase from 42 times EV/annualized gross profit to 60.4 times (with a premium of approximately 50%). To offset the impact, USDC circulation needs to increase by $28 billion (equivalent to 44% of the current $64 billion). He said that a rate cut is a foregone conclusion, which explains the approximately $1.5 billion stock sell-off yesterday and Circle's acceleration in launching trading liquidity products such as CPN and Circle Chain. https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=6&id=47110