We're at an inflection point. The internet is evolving from moving information to moving value. Blockchain, stablecoins, and AI aren't separate trends — they're converging into something much bigger: a reimagined global economic system, built natively on the internet. We are entering a world where, in my view, tens or even hundreds of billions of AI agents will interact and perform economic functions over the internet. They'll need programmable digital dollars and open infrastructure to do it. That's exactly what we've been building at Circle. Circle’s Q4 showed this isn't just a vision anymore — it's happening. USDC expansion continued, our share of stablecoin transaction volume approached 50%, and our broader platform expanded well beyond issuance into the infrastructure layer of onchain finance. Arc. CCTP. Circle Payments Network. StableFX. Each one a building block for what comes next. The opportunity ahead has never been greater. And we're just getting started. Full results at investor.circle.com