Circle earned ~$1.7b revenue in 2024 and paid out $900M+ to @coinbase as a distribution partner

That ~$1B going to Coinbase likely comes with little to no cost/opex to serve. At 10x earnings = $10 B mkt cap and likely contributes ~25% of $COIN valuation

For perspective - https://t.co/2Et3yaSgas

James Ho

Distribution is good 

https://x.com/jamesjho_/status/1907187974594240647?s=46

Elevating onchain creators @brightmoments @ampsfun @nodefoundation

It’s exciting and a well deserved milestone for Circle

How does it feel for you to see them IPO?

Just noticed the small UI update for comments on Zora mobile. Keep up the good work 🔥

This has been great for me as a user too.