The competition for stablecoin infrastructure has ignited this scorching summer. Giants like Tether, Circle, and Stripe have all begun developing their own blockchains, aiming to evolve from simple on-chain payment tools into enterprise-grade financial infrastructures. In this new battleground, payment experience, liquidity, and regulatory compliance will become key differentiators. Circle to Launch L1 with Optional Privacy Features On August 12, Circle released its first post-IPO financial r...

For Circle's initial public offering (IPO), the significance lies in the fact that it has elevated stablecoins, which were previously recognized only by a select few, to the "mainstream stage" and garnered the favor of some of the traditional "old money." Last Thursday evening, Circle, the issuer of the world's second-largest stablecoin USDC (with approximately 25% market share), officially listed on the New York Stock Exchange (NYSE). The IPO price was set at $31 per share. During the tradin...