#Circle上市 Circle, as the world's second-largest stablecoin issuer USDC, has officially submitted an 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, which require that stablecoin reserve assets be 100% backed by cash or cash equivalents and subject to regular audits. If these bills are passed, they will provide policy benefits for the more compliant Circle, while the less transparent Tether (USDT) may face greater pressure. In September 2024, Circle will move its headquarters to One World Trade Center in New York, a move that not only strengthens its ties with Wall Street but also showcases confidence in the U.S. as a leader in cryptocurrency regulation, echoing the Trump administration's support for a 'digital dollar.' By March 2025, the circulation of USDC will reach $60 billion, a historic high, firmly maintaining its position as the second in the stablecoin 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) are promoting the application of USDC in payment, derivatives trading, and other scenarios, improving capital efficiency.