Circle just dropped Q4 2025 earnings that should change how CT looks at stablecoins and crypto infrastructure these numbers scream infrastructure compounding… not just hype while everyone chases candles, liquidity tells the real story first

the numbers don’t lie: $770M FY revenue +77% YoY $75.3B USDC circulation +72% YoY $11.9T Q4 onchain volume +247% YoY (annualized ~$48T) $12T quarterly? that’s bigger than many national payment systems stablecoin net flows already showing the dry powder building…

what CT is missing: Circle is miles beyond just USDC Circle Payments Network live in India, Singapore, Philippines, UAE, EU, US Joined Agentic AI Foundation — AI agents deploying USDC at scale Visa trialing USDC for bank payments GENIUS Act bringing stablecoin regulatory clarity this is rails, not rotation

stablecoins are the real infrastructure play retaining capital Circle S-1 filed, pre-IPO numbers this strong? next cycle won’t feel euphoric… it’ll feel embedded is this the most undervalued story in crypto right now? watching liquidity lead → price follows