#Circle扩大IPO规模 **Circle's Sprint to IPO: Stablecoins and RWA Become the New Battleground for 'Old Money'**

Circle recently announced the expansion of its IPO scale, aiming for a valuation of $7.2 billion, with plans to list on NASDAQ. This news has sparked widespread attention in the market, with topic views exceeding 630,000 and discussion posts over 1,200. As the issuer of the world's second-largest stablecoin USDC, Circle's listing marks a further integration of cryptocurrency with traditional finance and reflects institutional investors' strong interest in the stablecoin and real-world asset (RWA) sectors.

Stablecoins and RWA are becoming the new battleground for 'old money' (traditional capital) investments. As regulatory frameworks become clearer, these assets have attracted significant institutional funds due to their stability and compliance. If Circle's IPO is successful, it could set a benchmark for the industry and encourage more crypto companies to enter the public market.

In this narrative, investors can focus on two types of targets: first, other compliant stablecoin issuers, such as Paxos; second, projects deeply engaged in the RWA field, such as Ondo Finance and MakerDAO. Additionally, the moves of traditional financial institutions in the blockchain space are also worth tracking.

Circle's listing may open a new chapter for the crypto industry, but the market must remain vigilant regarding regulatory and market volatility risks. Investors should conduct rational analyses and focus on long-term trends rather than short-term hype.