Guosheng Securities: If Circle is successfully listed, it will be a major positive for the market

Odaily News Guosheng Securities said that if Circle is successfully listed, it will further promote the development of the US stablecoin market and accelerate the acceptance of stablecoins by traditional financial users, especially institutional users. The size of the stablecoin market has achieved relatively rapid growth in the past few years. From the perspective of scale composition, USDT and USDC are the main products in the market. Since its birth, stablecoins have become an important tool for participants in the cryptocurrency market - providing value reserves and pricing tools, and at the same time, as margin for various cryptocurrency spot/futures transactions, they are the most important type of cryptocurrency tools. If Circle is successfully listed, it will be an important positive for the market. (Cailian Press)