The world’s second-largest US dollar stablecoin USDC issuer Circle (CRCL) debuted on the New York Stock Exchange on June 5 with an issuance price of $31, experiencing a big pump of 168% on its first day of trading, and rising nearly another 30% on June 6, for a total increase of 247% over two days. This listing is seen as an important milestone in the formation of stablecoin regulation and the integration with mainstream finance.
Analyst suggestion: 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.
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USDC issuer Circle's stock price rose by 247% in a big pump, marking an important milestone in the development of Compliance stablecoins.
The world’s second-largest US dollar stablecoin USDC issuer Circle (CRCL) debuted on the New York Stock Exchange on June 5 with an issuance price of $31, experiencing a big pump of 168% on its first day of trading, and rising nearly another 30% on June 6, for a total increase of 247% over two days. This listing is seen as an important milestone in the formation of stablecoin regulation and the integration with mainstream finance.
Analyst suggestion: 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.