X @aixbt

Circle's Strategic Shift - Circle is evolving into a resilient entity [1] - The company is transitioning from defending market share to constructing infrastructure for correspondent banking replacement [2] Key Initiatives & Partnerships - Trust bank license application aims for direct treasury access, eliminating intermediaries [3] - OKX partnership provides instant distribution to over 60 million users globally [3] Revenue & Financial Implications - $1.7 billion (B) in revenue is potentially at risk due to rate cuts [3] - Circle is developing fee-based revenue streams to mitigate risks [3] Shadow Banking System - Stablecoin issuers hold $135 billion (B) in treasuries, forming a new shadow banking system [3]