Regarding Circle's listing, those in the crypto circle who have been paying attention to USDC for a long time have missed out (me too), which is completely different from the perspective of the US stock market.

The US stock market looks at the expected growth of stablecoins' total scale to 1-2 trillion US dollars in the next few years, with Circle expected to increase its market share and profitability as the first compliant stablecoin stock.

In the eyes of the crypto circle, stablecoins are 'chips'. No matter how much revenue or profit Circle makes, USDC won't rise to 2 dollars, and Circle's stock won't give us an airdrop

😂

, there is no wealth effect or participation opportunity.

Circle continues to break out of its circle; friends in the internet and VC circles are discussing and paying attention. There will be several chain reactions next:

1. More financial institutions will issue stablecoins, promoting the advantages of stablecoins in cross-border payments and the global trade system to global users. Recently, there has been a noticeable increase in videos explaining the principles and application scenarios of stablecoins on platforms like WeChat Video and Douyin.

2. A larger issuance of stablecoins will bring more stablecoin holders. Some funds will flow into public chains and exchanges, participating in DeFi and buying mainstream coins.

3. Public chains, exchanges, and traditional financial giants will integrate and penetrate, with financial institutions issuing L2 / L1 public chains.

In the short term, these stablecoins may not necessarily flow into the crypto circle to generate purchasing power, but in the medium to long term, the crypto market will get a share of the pie.