According to online reports, Guosheng Securities said that if Circle is successfully listed this time, it will further promote the development of the U.S. stablecoin market and accelerate the acceptance of stablecoin by traditional financial users, especially institutional users. The scale of the stablecoin market has grown relatively rapidly in the past few years. In terms of scale composition, USDT and USDC are the main products in the market. Since its birth, stablecoins have become an important tool for cryptocurrency market participants-providing value reserves and pricing tools. They also serve as a margin for spot/futures transactions of various cryptocurrencies. They are the most important type of cryptocurrency tool. If Circle is successfully listed, it will be an important positive for the market. (Cailian)