Circle will announce its Q4 earnings on February 25. Analysts expect its earnings per share to be $0.35, down from $0.64 in the previous quarter, due to the Federal Reserve's potential interest rate cuts threatening its interest-based revenue model. Although the supply of USDC has grown to $74.7 billion, its market share has declined to 24%. A new partnership with the prediction market Polymarket is seen as a potential growth catalyst, with Polymarket using native USDC.