#crcl Let's take another look at whether the company crcl will go bankrupt. I think it's very unlikely; it was established in 2013, and its business model is simple: it issues USDC to earn interest on government bonds. In the future, it may focus on payment aspects. Their current issuance volume is around 80 billion, and as long as they maintain that market share, their revenue will increase as the number of compliant users grows. Unless it gets directly replaced.