Lates News

The stablecoin issuer Circle, which was listed on the New York Stock Exchange, saw its stock price surge by 168% on the first day, igniting market enthusiasm. Stablecoins, pegged to the value of fiat currency, combine the transparency and liquidity of cryptocurrencies and have become an important means of payment in the crypto economy. Industry insiders believe that the listing of stablecoins signifies an important step towards cryptocurrencies entering the mainstream financial system. Furthermore, regulatory measures around the world are gradually becoming clearer and are further promoting the development of the stablecoin market. However, stablecoins still face a series of challenges and uncertainties, with the most crucial issue being its high dependence on the liquidity and credit security of the underlying assets. (Economic Daily)