Recently, the financial market welcomed significant news, as on June 19, stablecoin issuer Circle was listed on the New York Stock Exchange, with its stock price soaring 168% on the first day, attracting high attention from global investors. According to the latest report from China Economic Net, this event marks a new stage in the stablecoin field.

According to the data, by the end of May 2025, the total market value of global stablecoins has reached approximately $250 billion, an increase of over 1100% compared to five years ago. In this rapidly expanding market, USDT( Tether) holds more than 60% of the market share, demonstrating a strong leadership position.

Industry experts analyze that the rapid development of stablecoins is mainly due to their unique dual attributes - they retain the transparency advantages of crypto assets while also possessing the price stability brought about by being pegged to fiat currencies. At the same time, the clear regulatory frameworks recently introduced by multiple countries and regions have provided a clearer development environment for the stablecoin market.

However, professionals also remind investors to remain vigilant. The current stablecoin market still faces multiple risk factors, including the actual value potentially being lower than the nominal value due to insufficient reserve assets, decoupling risks triggered by large-scale redemptions, and a high dependence on the liquidity and credit safety of the anchor assets. These uncertainties suggest that market participants should maintain a cautious attitude towards potential risks while following the industry's development prospects.