With the listing of USDC's parent company $CRCL
In recent days, there has been increasing discussion about stablecoins
In terms of scale, $USDT is more than 2.5 times that of $USDC
Circle's profitability is currently also far below Tether's
However, from the perspective of USDC's development strategy,
They have chosen a correct and long-term path
Proactively withdrawing from Tron and choosing to list on the US stock market
It can be seen that Circle has actively given up on the 'underground economy'
USDC's positioning is to be a legal and compliant stablecoin
In the short term, Circle's profitability will definitely not match Tether's
But from now on, the two stablecoins have also been defined:
USDT = underground economy, USDC = sunshine economy
What Circle and Coinbase want is this kind of 'definition'
In the future, more and more formal finance and international trade, etc.
Will choose USDC, gradually abandoning USDT
If we compare USDT/USDC to Tai Chi
Currently, USDT (black) has the upper hand
Sooner or later, USDC (white) will overtake
In my personal judgment, the market cap of $CRCL will reach 100 billion USD during the next Bitcoin halving (2028)
As for that $USD1 from the Trump family,
It's just an American version of 'Xiong'an New Area'