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

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