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USDC issuer Circle's listing big pump 247%: stablecoin regulation enters a new phase
On June 7, Circle (CRCL), the issuer of USDC, the world’s second-largest dollar stablecoin, landed on the New York stock market at an issue price of $31 on June 5, rising 168% on the first day of listing, and rising nearly 30% on June 6, up 247% in two days. This listing is seen as an important milestone in the formation of stablecoin regulation and the integration of mainstream finance.
An analyst suggests that stablecoins are moving towards a new stage of “sovereign regulation + financial application”, and USDC, as a representative of high compliance, has medium and long-term growth potential. In the short term, CRCL listing speculation should pay attention to the risk of a pullback, and if the market’s optimism about regulation continues, you can pay attention to compliant stablecoin project tokens or financial application sectors (such as cross-border payments, RWA). In the medium term, you can pay attention to the performance of DeFi protocol-related assets with high integration with USDC. It should be noted that if there is a trust issue in the audit, it may affect the overall valuation and market liquidity of the stablecoin.