A Simple Analysis of Visa's Introduction of USDC Settlement On December 16th, Visa announced the opening of stablecoin settlement functionality to US payment networks, allowing financial institutions to use Circle issued USDC for transaction settlement through the Solana blockchain. Visa also stated that it will support Circle's Arc blockchain network. Traditional payment giants have included compliant stablecoins in their core settlement system for the first time! Two major impacts: 1. Expected significant growth in USDC scale USDC has officially entered the B2B cross-border payment market with a daily trading volume exceeding 30 billion US dollars through cryptocurrency trading media. The Visa network processes approximately $15 trillion in transaction volume annually, and even if a very small percentage is converted to USDC settlement, it will significantly enhance Circle's economies of scale. 2. VISA on the chain is advancing, and annual income may be extremely high! Circle is shifting from a "digital bank" that relies on the interest margin of treasury bond to a "chain VISA" that collects transaction fees. The Circle Payments Network (CPN) plan it builds charges a transfer fee of 0.1% -0.25%. If it reaches Visa's 10% transaction penetration rate, its annual revenue can increase by $3.75 billion. In addition, as mentioned earlier, DTCC promotes securities tokenization, and the demand for USDC from institutions will also surge. However, overall it is still as expected. To understand CRCL, the most important thing is a few original sentences from myself: 1. Stablecoins are the second growth curve of the US dollar and US Treasury bonds 2. The global sale of US dollars and US bonds is a must answer question for the United States, not a multiple-choice question - stablecoins are the answer 3. The three best "business" models of blockchain: BTC, stablecoins, and trading 4. Compliance means clearing the field, and USDC will explode with the support of the bill 5. Stablecoins are a competition between scale and network effects 6. The blockchain of US stocks, US bonds, and US dollar assets is the biggest growth engine for stablecoins