Essentially, CRCL obtaining a banking license is indeed positive news, but it doesn’t address the core issue, which is revenue. USDC is already at the forefront of U.S. stablecoins—there’s no doubt about that. However, for a publicly listed company, this is a benefit that has already been priced in. What truly matters for improving financial reports or forecasts is progress in the business domain. If the reason for Circle’s decline this time is that banks or payment channels are entering the stablecoin industry, leading to market doubts about Circle’s payment capabilities, then this banking license does little to alleviate those concerns. I don’t hold any positions in Circle—no longs, no shorts, and no spot holdings. But I do hold a significant amount of USDC. I’m simply observing Circle from a bystander’s perspective. If this has a negative impact on you, that’s not my problem. @Gate Crypto, U.S. stocks, Hong Kong stocks, Korean stocks, gold, CFDs, prediction markets—all-in-one trading platform.