Circle has obtained a number of regulatory licenses in the U.S. and is actively pursuing compliance under the European Union's MiCA regulatory framework. As a stablecoin issuer, its reserve strategy adopts a model of 100% US dollar cash plus short-term US Treasury bonds to ensure asset safety and liquidity. In terms of transparency, Circle implements an auditable mechanism and publishes monthly reserve reports to provide users with a clear picture of the status of their assets. It is worth noting that USDC has successfully integrated with the traditional financial system, including payment giants such as Visa and Stripe. From the perspective of development trends, if stablecoins are to be truly integrated into the mainstream payment field and financial institution system in the future, the compliance route adopted by USDC is likely to become an industry reference standard. This compliance-first and transparent development model may provide important implications for the positioning of digital currencies in the global financial system.