سيركل (CRCL)

الشركة صاحبة USDC: كيف يربح مُصدر العملة المستقرة، ولماذا تحدد أسعار الفائدة أرباحه.

The business is simpler than it looks

Circle was founded in 2013 and issues USDC, the second-largest stablecoin. Every USDC is meant to be backed one-for-one by dollars and short-term US Treasuries.

The revenue model follows directly: Circle holds those reserves and keeps the interest they earn. It does not charge you to hold USDC — it earns on the float. That makes it, in effect, a business whose profit is set by US interest rates. When rates are high the business is very profitable; when they fall, revenue falls with them regardless of how much USDC is in circulation.

What to watch

USDC supply, since revenue scales with it; interest rates, which set the margin; and regulation, where Circle has positioned itself as the compliant, audited alternative to Tether — an advantage only as long as regulators actually enforce the distinction.

تداوله من هنا

النسخة المرمّزة تُتداول على سولانا على مدار الساعة، لا في ساعات السوق الأمريكية فقط. رادار السوق يدعمها مباشرة من محفظتك — بلا حساب وساطة، وبلا مستندات هوية، وبلا حد أدنى للإيداع، وتُسوّى الصفقة على السلسلة إلى عنوانك.