Added a bit of $CRCL As the RWA mapping in the crypto space, it actually aligns well with $USDC's setup—essentially an overflow of the U.S. dollar. The hype has been recognized by various institutions, leading to significant buy-ins, which implies compliance issues have been resolved. The recent agreement with $USDC also means another growth channel for $CRCL has opened up—a 24/7 global casino currency with no KYC required. If this kind of unconventional business captures 1-5% of U.S. stock trading volume, then how much reserve should $USDC have as liquidity? Go ask your Hermes.