BlockBeats News, June 6th, the stablecoin USDC issuer Circle triggered two circuit breakers on the opening day.
Circle has become one of the few publicly traded pure cryptocurrency companies in the United States, following in the footsteps of Coinbase, Mara Holdings, and Riot Platforms. This is the company's second attempt to go public. With the U.S. government's friendly regulatory stance, the cryptocurrency industry is gaining new political support. In particular, in the stablecoin sector, the field is accelerating due to expectations that Congress will pass stablecoin-related legislation this summer. Wall Street analysts indicate that the stablecoin market could grow tenfold in the next five years, creating a trillion-dollar market opportunity. (Golden Finance)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.