This may be true, but as it is presented, I feel it is misleading. Economic value is leaving the company, and that's what counts.
Circle sold the notes, even with the apparently inhospitable terms, because they apparently felt they had little choice. https://twitter.com/adamscochr...

这可能是真的，但就目前而言，我觉得这是误导。经济价值正在离开公司，这才是最重要的。
Circle出售了这些票据，即使这些票据的条款看起来很不友好，因为他们显然觉得自己别无选择。https://twitter.com/adamscochr...

Happy 4th @jerallaire. I've looked into @circlepay (admittedly cursorily) & was disturbed, hence should ask you directly:
1 Is Circle profitable?
2 By how much(+/-)?
3 Are $USDC reserves on balance sheet subject to creditor claims?
4 Have you performed IP due diligence on crypto? https://twitter.com/jerallaire...

第四节快乐@jerallaire。我已经研究了@circlepay（无可否认是粗略的）&；被打扰了，所以应该直接问你：
1 Circle有利可图吗？
2乘以多少（+/-）？
3.资产负债表上的美元储备是否受制于债权人索赔？
4您是否对crypto进行了知识产权尽职调查？https://twitter.com/jerallaire...

@rcwhalen If you take a close, forensic look at what he is doing, it is more risk management. Take a look a the exposure that he and his companies have to the companies that he is allegedly looking at buying.

@如果你仔细观察一下他在做什么，那更多的是风险管理。看看他和他的公司对据称他打算收购的公司的敞口。

@dao_veri @circleapp Hello

@dao\u veri@circleapp你好

RT: 👇. One of the most incredible interviews I have heard in a long time. There is still TREMENDOUS risk even at these levels in the #cryptocurrency market. Straight fire on this one @ReggieMiddleton 🔥 https://twitter.com/ReggieMidd...

转发：👇. 这是我很久以来听到的最难以置信的采访之一。即使在这样的水平上，加密货币市场仍然存在巨大的风险。雷吉·米德尔顿🔥 https://twitter.com/ReggieMidd...

RT: Excellent spaces - many hedge funds aren’t hedged; they are leveraged speculation funds. @ReggieMiddleton lays it out for all to see. https://twitter.com/reggiemidd...

RT：极好的空间——许多对冲基金没有对冲；它们是杠杆式投机基金@雷吉·米德尔顿（ReggieMiddleton）将其展示给所有人看。https://twitter.com/reggiemidd...

Join me in my live Twitter Space, now. Ask and answer the question - Is Circle Financial Insolvent & Does That Mean USDC Collapse? https://twitter.com/i/spaces/1...

现在加入我的实时推特空间。提问并回答问题-Circle Financial Solvent&；这是否意味着美国农业部崩溃？https://twitter.com/i/spaces/1...

Is Circle Insolvent, and If So, What Does That Mean for USDC? Let's Look... https://boombustblog.com/compo... via @tripplesworld

Circle是否破产？如果是，这对美国农业部意味着什么？让我们看看。。。https://boombustblog.com/compo...通过tripplesworld

How many of those who followed my tweets today want to have a live spaces discussion in about an hour?

今天关注我推文的人中有多少人希望在大约一个小时内进行live spaces讨论？

@dao_veri @circleapp It's not much worse than offering a 3% to 12% interest rate on #stableocins funded by #Bitcoin gains.

@dao_veri@circleapp这并不比对由比特币收益资助的稳定货币提供3%-12%的利率差多少。

There is no link to proof, so simply posting this as unsubstantiated data point in a vacuum.
We need A) proof and B) reason, to get to C) ramifications. https://twitter.com/WatcherGur...

没有证据的链接，所以只需将其作为真空中未经证实的数据点发布即可。
我们需要A）证据和B）理由，才能得出C）结果。https://twitter.com/WatcherGur...

@ABettaMeta @circleapp @Tether_to @BlackRock @Fidelity Marshall Wace LLP and Fin Capita, possibly others apparently invested in the
@circleapp convertible note round. They also share exposure to/with @Visa @GoldmanSachs @GenesisTrading as I understand it.
It's all in the report https://boombustblog.com/compo...

@ABettaMeta@circleapp@Tether_to@BlackRock@Fidelity Marshall Wace LLP和Fin Capital，可能其他人显然投资了
@圆形可转换票据。据我所知，他们还与@Visa@GoldmanSachs@GenesisTrading分享风险敞口。
都在报告里https://boombustblog.com/compo...

@Girl777Cali @circleapp Bitcoin has secrets, too! Look at the and of the Circle report. https://t.co/xQmsln9GkV

@Girl777Cali@circleapp比特币也有秘密！查看循环报告的和。https://t.co/xQmsln9GkV

$42B $USD equiv assets on @circleapp balance sheet. Liquidation preferences discussed in their SEC filings. $USDC buyers may have to get in line. Circle said last year, "there was substantial doubt of the Company’s ability to continue as a going concern"
https://boombustblog.com/compo... https://t.co/v43BcQFktm

circleapp资产负债表上的420亿美元等价资产。在他们提交给美国证券交易委员会的文件中讨论了清算优先权$美国农业部的买家可能不得不排队。Circle去年表示，“人们对该公司是否有能力继续经营持怀疑态度”
https://boombustblog.com/compo... https://t.co/v43BcQFktm

2
#USDC is #2 stablecoin in industry, ~40% of value outstanding. $USDC collapse would be devastating. @GrantThorntonUS attests to adequate reserves, but.. They sit on balance sheet, meaning @circleapp (losing >1/2B/yr) creditors can get at them. Not cool!
https://boombustblog.com/compo... https://t.co/iJ09ZhSGuO

2.
#USDC在工业上是#2稳定的，约占未偿价值的40%$美国农业部的崩溃将是毁灭性的@GrantThorntonUS证明有足够的储量，但。。他们坐在资产负债表上，这意味着“circleapp”（每年亏损超过120亿英镑）的债权人可以得到他们。不酷！
https://boombustblog.com/compo... https://t.co/iJ09ZhSGuO

1
#Stablecoins covered under our IP. @Veritaseuminc put together in ~24 hrs (so, no pro should be bitching about this being hard to do). @circleapp lost half billion dollars last year, after >$400m+ cash infusion and BEFORE the big #Bitcoin BTC crash. Look https://boombustblog.com/compo... https://t.co/06A19Ms6rq

1.
#Stablecoins在我们的IP范围内@Veritaseuminc在大约24小时内完成（因此，任何专业人士都不应该抱怨这很难做到）@circleapp去年损失了5亿美元，此前$4亿多现金注入，在比特币BTC大崩溃之前。看https://boombustblog.com/compo... https://t.co/06A19Ms6rq

@TodaroRichard Lot's of #CFAish stuff in here, broken down in a fashion that's easy for a financial analyst to understand. Take note that each and every problem is #CeFi and #TradFi, not #DeFi https://boombustblog.com/compo...

@托达罗·理查德·洛特（TodaroRichardLot）在这里介绍了一些“虚假”的东西，以一种金融分析师很容易理解的方式进行了分解。请注意，每个问题都是#CeFi和#TradFi，而不是#DeFihttps://boombustblog.com/compo...

Remember BoomBustBlog days predicting global banks (Bear Stearns, Lehman, WaMu, Countryside), actual countries (Portugal, Greece) & major tech collapses?
I'm baaack!
"Is Circle Insolvent, and If So, What Does That Mean for USDC? Let's Look" https://boombustblog.com/compo... https://t.co/upgqwu60nI

还记得那些预测全球银行（贝尔斯登（Bear Stearns）、雷曼（Lehman）、WaMu（WaMu）、农村地区（Countryship）、实际国家（葡萄牙、希腊）的博客日吗；大型科技公司倒闭？
我是巴亚克！
“Circle是否破产？如果是，这对美国农业部意味着什么？让我们看看”https://boombustblog.com/compo... https://t.co/upgqwu60nI

@lisamightydavis @DoniTheDon_ @economyninja @SatoshiSean @RiceTVx @RoadtoRoota @bensemchee @ShootyMcBeard @_CLINTWESTWOOD_ @jonnylitecoin @CryptoNana4LTC Why not!

@lisamightydavis@DoniTheDon@economyninja@SatoshiSean@RiceTVx@RoadtoRoota@bensemchee@ShootyMcBeard@u CLINTWESTWOOD@jonnylitecoin@CryptoNana4LTC为什么不！

@lisamightydavis @TraceMayer I'm finishing up a piece right now that will be perfect for kicking off the discussion.
Give me a couple of hours.

@lisamightydavis@TraceMayer我现在正在完成一篇文章，这篇文章非常适合开始讨论。
给我几个小时。