Circle's 2025 Q4 financial report is out, and the stablecoin money printer is officially in action: Annual revenue: $2.7 billion (+64%); USDC circulation: $75.3 billion (+72%); On-chain transaction volume: $11.9 trillion (+247%). CRCL shot up 30% in one massive green candle to over $80, and finally, @杰尼君 has broken even. Making stablecoins is seriously profitable, even though it’s essentially earning from interest rate spreads + financial channel fees. Risky businesses always find takers, but no one does money-losing deals. No wonder even the mighty U.S. President wants to issue USD1.