As I wrote on the start of the year, USDC issuer Circle plans an IPO. It is scheduled on January 2026, according to the article I share.
Another part of this article is interesting: Circle wants an harmonized regulation across the world for the stablecoins. It follows the path for global rules for banks such as Basel I, II and III. I think it will be a great step, instead of playing by the rules in each country.
However, the issue remains: what about fiat currencies such as called as exotics and illiquid in the forex market? About the commodities-backed stablecoins such as gold, silver, oil, natural gas and cocoa? The regulators should take a trip to the Real World Assets (RWA) protocols to weigh in. At the end of the day, this goes to a DeFi regulation, as stablecoins are the bread and butter of DeFi.
The news: https://cointelegraph.com/news/circle-predicts-stablecoins-mainstream-global-regulations