#Circle上市 Circle, as the issuer of the world's second-largest stablecoin USDC, has officially submitted its IPO application, marking a key step in the deep integration of the cryptocurrency industry with the traditional financial system.

The U.S. Congress has recently accelerated the advancement of the "GENIUS Act" and the "STABLE Act," requiring that stablecoin reserve assets be 100% backed by cash or cash equivalents and subject to regular audits. If these bills are passed, it will provide policy benefits for Circle, which is more compliant, while Tether (USDT), which lacks transparency, may face greater pressure. In September 2024, Circle will relocate its headquarters to One World Trade Center in New York, a move that not only strengthens its ties to Wall Street but also demonstrates confidence in the U.S. as a leader in cryptocurrency regulation, echoing the Trump administration's support for a "digital dollar." As of March 2025, the circulation of USDC reached $60 billion, setting a historical record and firmly maintaining its position as the second-largest stablecoin in the market. Its transparency (regular audits) and compliance (such as market access in Japan) have become core advantages in attracting institutional clients. Collaborations with Visa and Intercontinental Exchange (ICE) promote the application of USDC in payment, derivatives trading, and other scenarios, enhancing capital efficiency.