$USDC Financial technology company Circle, as the issuer of the compliant stablecoin USDC, is one of the most successful projects in the world today. As a Pre-IPO project, Circle follows the traditional capital market route, so how to narrate traditional finance and how to expand the application scenarios of traditional finance are lessons that every stablecoin issuer and every project claiming to achieve Mass Adoption needs to learn and draw from.

First layer of narrative: Financial upgrade of the Internet. Circle is building a value interconnection network based on stablecoins, providing a network upgrade for global finance, with blockchain bringing the speed and scale of the Internet to the transfer of value. Note that the story here is a continuation of "Internet+" rather than an extension of "Blockchain+", as all current application layers are built on the Internet.

Second layer of narrative: Upgrading the interconnection network through USDC. The USDC digital dollar is a tokenized version of fiat currency, loaded onto the Internet, enabling individuals and businesses to transfer, consume, save, and store value with the same efficiency and scale as we transmit Internet data today.

Limited by financial infrastructure, the transmission of information and funds in today's world is separated. The blockchain-based Web3 value Internet directly embeds value into the architecture of the traditional Internet, allowing users to become owners of their data and other technological assets (including currency) and facilitating value exchange. In this Web3 value Internet, USDC is the dollar on the Internet. USDC can use the innovations of the blockchain network to compensate for and strengthen the global banking financial system.

Third layer of narrative: Expanding application scenarios through network effects. The dollar and the Internet itself possess powerful network effects. In the real world and on the Internet, the dollar is a currency with network effects. Blockchain technology endows USDC with stronger functionality and new application potential compared to traditional dollars, while relying on the traditional Internet for implementation. Circle is building an open technology platform centered around USDC, fully leveraging the scale, speed, and cost advantages of the Internet based on the dollar's current strength and widespread use, to achieve similar network effects and practicality for financial services.