Circle's expanded IPO scale reflects the market's high attention and expectations for its business model and cryptocurrency payment infrastructure. As the issuer of the USDC stablecoin, Circle plays a key role in the global crypto financial system, especially as stablecoins are increasingly seen as core tools for payment and settlement. This IPO scale expansion may indicate a greater need for funding for future expansion plans or technological development, and it may also be an optimistic response to the increasingly clear regulatory environment in the United States. However, considering the volatility of the cryptocurrency market and policy risks, investors must still carefully assess the sustainability of its business model and regulatory compliance risks.