#Circle上市 【Circle IPO: The Vanguard of the Stablecoin War】

Circle's second impact on the New York Stock Exchange (CRCL), I see this as not just a listing, but a ruthless move to 'hijack' regulation! USDC backed by JPMorgan and Citi, with a circulation of 60 billion, although it falls short of USDT, aims to dominate the institutional market through compliance and transparency. After the listing, financial exposure and high distribution costs (over $900 million to Coinbase in 2024) may pressure valuations, but if the U.S. accelerates stablecoin legislation, Circle could take the opportunity to eliminate algorithmic coins and non-compliant players, becoming the new king of the 'digital dollar.' This move looks short-term for capital but long-term for power; the cryptocurrency world is about to change!