币界网报道：After Circle went public on the public market, its market value reached $58.2 billion, with a price-to-earnings ratio 8 times higher than Visa, highlighting the institutional demand for compliant crypto infrastructure. 95% of its revenue comes from USDC-related channels, which are highly sensitive to short-term interest rates and USDC circulation. Currently, USDC circulation has reached a record high of $61.2 billion, with an average daily trading volume increase of 406%, and the capital flow efficiency is 2.81 times that of USDT. USDC occupies 96% of the market share in Solana and surpasses USDT in Arbitrum to become the dominant stablecoin. The autoregressive model built by Circle can predict the supply of USDC with an error range of ±1.5%. With the in-depth application of USDC in DeFi and traditional finance, it is becoming a real-time barometer of global liquidity.