Internet reports that stablecoin issuer Circle Internet Group and its shareholders who sold shares raised nearly US$1.1 billion in an initial public offering (IPO). Since then, the company's share price surged 186% at the opening, triggering a circuit breaker twice. Circle has become one of the few pure cryptocurrency companies listed in the United States, including Coinbase, Mara Holdings and Riot Platforms. This is the company's second attempt to go public. Previously, its merger plan with a special purpose acquisition company failed at the end of 2022 due to regulatory challenges. Thanks to the friendly attitude of the U.S. government, the cryptocurrency industry is gaining new political support. In particular, the stablecoin area has been accelerating due to expectations that Congress will pass stablecoin-related legislation this summer. Wall Street analysts said the stablecoin market could grow tenfold in the next five years, creating trillion-dollar market opportunities.