#Circle财务状况和IPO计划# This financial report looks quite interesting! A net loss of $482 million, but the USDC Circulating Supply and revenue are both on the rise. Upon closer inspection, it turns out that non-cash expenses related to the IPO are causing the issue, with stock compensation and changes in the fair value of convertible bonds accounting for $591 million. Circle's operation here is quite sophisticated, trading short-term losses for long-term development. However, for ordinary investors, this kind of financial statement can be quite overwhelming. Everyone should still follow the development of USDC, as the stablecoin market competition is quite fierce.

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