#稳定币监管与发展 Seeing Circle's Q3 financial report, I am truly astonished. The company's revenue surged by 66%, and net profit more than doubled, reaching $214 million. The market capitalization of USDC has surpassed $73.7 billion, and its market share has increased to 29%. The numbers look great, but we must stay clear-headed.

This growth rate is remarkable, but it also reminds me of those once-glorious projects from years ago. They often faced regulatory storms or sudden market shifts after rapid expansion, ultimately collapsing. Although stablecoins seem safe, the risks are not insignificant.

Circle is exploring the issuance of its native Arc token and is vigorously promoting its cross-border payment network. These actions indicate that they have significant ambitions, aiming to transform from a single-product company into a comprehensive digital financial infrastructure provider. Let's not forget, the greater the ambition, the higher the risks.

For us old investors who have experienced great ups and downs, the most important thing is to protect our assets well. Don't get carried away by these impressive numbers and blindly follow or invest. Pay close attention to regulatory trends, carefully assess risks, and participate moderately is the right way. After all, in this ever-changing crypto world, today's giant may be tomorrow's bubble.