Circle’s recent earnings report reveals a significant surge in profit, highlighting a promising recovery within the stablecoin market. Revenue from their partnership with Coinbase played a key role, leading to a remarkable 202% increase compared to prior quarters. This success is attributed to strategic adjustments like renegotiating revenue agreements and diversifying reserves. The company also points to the GENIUS Act as a potential catalyst for increased USDC adoption by financial institutions. While rising Treasury yields have contributed to substantial gains, Circle acknowledges the need for further regulatory clarity on USDC’s institutional use. The community awaits more insights from the upcoming earnings webcast.