Stablecoin giant Circle officially debuted on the US stock market, listing at $31 per share, surging 186% at opening, triggering a trading halt twice, raising a total of $1.1 billion, becoming one of the few pure crypto public companies in the United States. Analysts point out that with the advancement of US legislation, the stablecoin market is expected to expand 10 times in the next five years, with a potential market value exceeding one trillion dollars! USDC burned 75 million on Ethereum, reflecting further optimization of asset structure. Is this a turning point for the stablecoin sector? We shall wait and see.
