Circle is no longer a cryptocurrency company. Last night's financial report was released, and the stock price surged by over 28%. Q4 revenue was 770 million, a year-on-year increase of 77%. After adjustment, profits surged by 412%. USDC has a circulation of 75 billion and a single quarter on chain trading volume of 12 trillion US dollars. But none of this is important, and behind the surge is not entirely numbers. Knocking on the blackboard late at night: Circle is becoming the leading stock in AI payments. Circle collaborates with Google to develop AI payment protocol standards and participate in the x402 protocol, allowing AI to automatically complete payments when encountering paywalls. We won't mention a bunch of collaborations with Stripe for now. Meanwhile, Circle just released Nanopayments last week, which can be converted to a minimum of $0.000001 without any transaction fees and is specifically designed for AI agents. AI agents need to pay for themselves: calling data, buying computing power, accessing paid APIs, which may only cost $0.001 each time, take milliseconds to complete, are fully automated, and do not require human intervention. Traditional payment systems cannot do it. The number of AI agents in the future may be hundreds of times that of human users. Each transaction is settled in USDC, which cannot be estimated in this market. So, Circle is now a stablecoin issuer+financial infrastructure+AI economic payment underlying. Of course, Wanwan, I want to say, Narrative is narrative, stock price is stock price, Circle's AI payment is not a new thing, Is the market willing to hype up the narrative of AI payments, This is the focus of Circle's stock price going forward.