crcl's financial report is out Highlights: 1. The average circulation of USDC increased by 39%, and on-chain transactions surged by 263%. These numbers look great. 2. More USDC stayed on their own platform, which means they can earn more from this part. 3. ARC tokens are here, and the official team has started selling them. But it's a bit complicated—how much belongs to shareholders is still unclear. Low points: Despite the impact of rate cuts, the fees are still super high—getting drained by the toll booth.