Has the market misjudged the value of Circle and Coinbase? Circle is completely incomprehensible, with a total issuance of only 60 billion USDC. Its stock market value has now reached 54.1 billion USD, close to its issuance. There is nothing else to say except for wanting to slap itself. It has nothing to do with reaching 250 USDC. Circle's profits almost all come from the interest income of treasury bond, and almost all of the profits flow to Coinbase, which will contribute up to $910 million in revenue in 2024 alone. Circle's high price actually highlights Coinbase's affordability 1. Most of Circle's profits are taken away by Coinbase 2. COIN has been officially included in the S&P index, with high gold content 3. Coinbase's market value is 78.1 billion, only 1.4 times that of Circle, but its profitability is 10 times that of it Buying coins and selling circles may be a good strategy now