【华创金融 徐康团队】深度 | 详解Circle:合规、技术与生态——稳定币系列报告之三

小康金融
21 Jul

华创证券 金融业研究主管 首席分析师 徐康xukang@hcyjs.com联系人:崔祎晴 邮箱:cuiyiqing@hcyjs.com摘要2025年6月5日,全球第二大稳定币USDC(美元币)的发行商Circle在纽约证券交易所完成上市,成为稳定币领域的首个IPO。该事件引发市场广泛关注,Circle首日涨幅168%。相较于全球最大稳定币USDT(泰达币)发行商Tether,Circle的运作模式...

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