#PowellRemarks The regulatory context has long been a friction point for the institutional growth of the crypto sector. However, the progress of this law suggests an opening by the US government towards a more formal integration of the crypto ecosystem into traditional financial markets.
The successful IPO of Circle, one of the leading issuers of stablecoins through USDC, has served as a catalyst for this narrative. Many analysts already consider this event as the beginning of a new wave of initial public offerings (IPOs) from crypto companies that, until now, had remained private or in the exclusively digital realm.
Circle not only benefits from its IPO — its stablecoin USDC already exceeds 33 billion dollars in circulation, consolidating it as the second most used stablecoin in the world, only behind Tether (USDT).
