Circle's IPO is not just the first stock of stablecoins,

but a concentrated release of compliance windows + capitalization opportunities.

Why has the recent stablecoin legislation + Circle IPO been so intense?

To put it simply, this round of opportunity is not based on technological breakthroughs,

but on who can grab the position of "compliance dollar mapping."

Market narratives often talk about AI, but I am more concerned about:

the dollar stablecoin sector is迎来a round of financial beta-level opportunities.

In the coming days, you will see more institutions leveraging "stablecoins + financial structures".

Don't just focus on the ups and downs of coin prices; pay attention to changes in rules, as that holds the key to future excess returns!