Analysis: Circle Triggers Circuit Breaker Twice at Opening, Stablecoin Market Sees Trillion-Dollar Opportunity

On June 6th, the issuer of the stablecoin USDC, Circle, triggered two circuit breakers on the opening day. Circle has emerged as 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 represents the company's second attempt at going public. Given the U.S. government's friendly regulatory stance, the cryptocurrency industry is receiving new political support. Specifically, in the stablecoin sector, the field is accelerating as there is an expectation that Congress will pass stablecoin-related legislation this summer. Wall Street analysts suggest that the stablecoin market could expand tenfold in the next five years, presenting a trillion-dollar market opportunity. (Golden Finance)