$USDC USDC's Risks and Challenges

Although USDC is known for its stability, it still faces risks. The 2023 Silicon Valley Bank incident exposed its reserve concentration risk, and despite a quick recovery, it raised concerns. In addition, uncertainty in regulatory policies may affect its global expansion. If the United States strengthens regulation on stablecoins, Circle will need to adjust its operational model. In terms of competition, Tether and other emerging stablecoins are also vying for market share. USDC needs to continuously optimize transparency and technology to meet these challenges.