Original | Odaily (@OdailyChina）
Author | jk
Since its listing, Circle's stock price has been soaring, rising nearly 390% in just ten days, with its market value approaching $36.7 billion. At a time when crypto assets are still in a global regulatory game, Circle has already broken through to legalization in the U.S. stock market as the "first stablecoin stock". This is not just a victory for a company, but also the opening whistle for on-chain finance to enter mainstream capital markets.
Meanwhile, as Circle leads the way, a group of crypto concepts related to "on-chain asset vaults", "compliant stablecoins", and "Web3 mapped stocks" have collectively launched in the U.S. stock market. This round of market movement is clearly not just about token price increases, but a process of re-pricing on-chain financial infrastructure on Wall Street.
