CRCL, which operates USD Coin (CRYPTO: USDC) and EURC, is confronting several major risks as the crypto winter continues.  A key risk is that the supply of USDC has continued to drop this month, which will hurt its revenue growth. CoinMarketCap data shows that the market capitalization of USDC has dropped to $73.7 billion from the year-to-date high of $80 billion. Similarly, EURC’s valuation has dropped to $426 million from the year-to-date high of $467 million.