Market explosion! Stablecoin giant lands on the New York Stock Exchange today
💥**IPO Hot Upgrade**:
- **Two Increases in Scale**: From the initial 24 million shares ($24-26/share) → 32 million shares ($27-28/share) → **final pricing of 34 million shares at $31/share**, raising **$1.1 billion**! Valuation soars to **$6.9 billion** ($8.1 billion fully diluted).
- **Oversubscription by 25 times**: BlackRock grabs 10% of shares, ARK Invest throws $150 million, JPMorgan Chase, Goldman Sachs and other top investment banks escort.
🌐**Why is the market crazy?**
1️⃣ **USDC Hegemony**: The world's second largest stablecoin, with a **market capitalization of $61 billion** accounting for 29% of market share, and reserve assets managed by BlackRock ($53.3 billion in funds supported).
2️⃣ **Policy Tailwind**: The U.S. GENIUS Stablecoin Act will be implemented in August, requiring 100% reserve assets to support it. **Circle's compliance model has become the biggest winner**.
3️⃣ **Trillion-Dollar Track Explosion**: Standard Chartered predicts that the market value of stablecoins will **increase 10 times** by 2028! Enterprise-level (B2B) transaction volume surpasses retail investors for the first time, becoming a new growth engine.