Author: jk, Odaily
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 US stock market as the "first stable coin 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" in US stocks have also collectively launched. 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.
