Hong Kong Media: Circle Sees Over Fivefold Surge in First Month of Listing, Everbright Securities Became Shareholder in 2016

According to a report by Jinse Finance, as disclosed by Hong Kong media outlet Hong Kong Commercial Daily, Circle, the issuer of USDC—the world’s second-largest stablecoin—was listed on the New York Stock Exchange on June 5 and has seen its value surge more than fivefold in just over a month. It is reported that China Everbright Limited became a shareholder of Circle in 2016, and China Renaissance invested in Circle in 2018. Analysts point out that the “iPhone moment” for stablecoins is rapidly approaching investors at a visible pace, and the market generally believes that stablecoins are poised to reshape the global payments and financial landscape.