Today brings exciting news: Circle's stock price has risen by 5%, with the current price breaking through $118, outperforming the broader market. This is not just a numerical jump but a vote of confidence from the market in Circle's strategic layout. The core driver behind this surge stems from the recognition that stablecoins are becoming the foundational infrastructure of the digital economy. The circulation of USDC has approached a historic high of nearly $78 billion, with trading volume even surpassing the long-dominant USDT. Behind this trend is not only trading demand in the crypto market but also the rigid need from traditional payment systems for compliant and transparent digital dollars. From annualized settlement via Visa cards to on-chain clearing for multinational corporations, USDC is transforming from a "trading tool" to a "payment track."

What makes the market even more optimistic is our definition of the future. Circle is proving step by step that it is not just an issuer but a rule-maker in the digital financial era. Billions of AI agents engaging in microeconomic activities will settle using USDC as the default currency—precisely the long-term growth driver investors are looking for. Additionally, regulatory clarity has cleared uncertainties, and the trust of institutional partners has built a solid moat. Deep involvement from traditional financial giants like BlackRock and Fidelity makes Circle's ecosystem increasingly robust.

A 5% increase is a milestone and a new starting point. As the global digitalization accelerates, Circle will continue to serve as a bridge connecting traditional finance with the future economy. We are standing at the forefront of a structural transformation, and this change has only just begun.