According to PANews, Circle, the issuer of the world's second-largest stablecoin USDC, experienced a significant increase in its stock value after being listed on the New York Stock Exchange on June 5. Over the course of a month, the company's stock has seen a more than fivefold increase. Circle has been backed by investors such as Everbright Holdings since 2016 and Huaxing Capital since 2018. Analysts suggest that stablecoins are approaching a pivotal moment, akin to the 'iPhone moment,' with the potential to reshape global payment and financial systems.

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