Reading Circle’s 2023 stablecoin report on the state of the USDC economy, something seemed to be missing. At first it wasn’t obvious. The impressive report highlights the potential for growth and Circle’s role in making cross border payments faster and cheaper.
The paper’s order was unconventional. It started with the potential in different continents, with the United States covered last. Circle outlined its array of high quality partners in each region.
But the fact that the company’s statistics were at the end of the report seemed a little off. If you’re proud of the performance, wouldn’t that come first? The company has recently confidentially filed for an IPO, so one has to read the report in that context.
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