📊 DATA: USDC redemptions exceeded mints by about $4B, yet Circle doubled its FY2026 other-revenue midpoint to $320M. The catch: ARC Token presale revenue is included but undisclosed, and $242.25M in estimated proceeds is not recognized revenue. By @akibablade https://cryptoslate.com/usdc-redemptions-just-outpaced-mints-by-4-billion-but-a-massive-new-token-presale-is-quietly-doubling-circles-revenue-outlook/(CryptoSlate)