Circle's latest financial report is out! 2026 Q1 revenue: $694 million, up 20% year-over-year USDC circulation: $77 billion, up 28% year-over-year Revenue structure has shifted from fee income to U.S. Treasury income. Currently, Treasuries are around 3.5%, but they might drop further, impacting profits. Compared to Q4, there's a very noticeable decline. 2026 Q1 EPS: $0.21 2025 Q4 EPS: $0.43 Profits have dropped by nearly half. In summary: the fundamental scale is growing, but profitability is starting to decline. The probability of a recent downturn is high. @MSX_CN Buy U.S. stocks on Maitong!