Group 1 - Circle Internet Group has officially listed on the New York Stock Exchange under the ticker symbol CRCL, marking the first IPO in the global stablecoin sector [1] - The IPO price was adjusted from the initial range of $24-$26 to $31 per share, with the total number of shares increased from 24 million to 34 million, raising $1.1 billion and achieving over 25 times oversubscription [1] - On the IPO day, Circle's opening price was $69.32, representing a 123.61% increase from the issue price, with an intraday high of $103.75 [1] Group 2 - Circle is one of the largest and most widely used stablecoin network operators globally, primarily issuing the USD Coin (USDC) pegged to the US dollar [2] - Since its establishment in 2013, Circle has provided various services, including stablecoin infrastructure, digital finance, reserve management infrastructure, blockchain technology solutions, and developer service platforms [2] - The listing is expected to enhance Circle's technological research and development, expand market share, and improve user service experience, thereby injecting strong momentum into its business expansion and technological innovation [3] Group 3 - Circle aims to leverage capital market strength to accelerate its global expansion and solidify its leading position in the stablecoin sector, contributing to the integration and development of traditional and digital finance [3] - Recent legislative developments, such as the US GENIUS Act and Hong Kong's Stablecoin Regulation Draft, are anticipated to promote faster growth in the stablecoin sector [3] - Compared to Tether, Circle's significant advantage lies in its compliance, with USDC's reserves consisting of cash and short-term government bonds, aligning with the requirements of the new US stablecoin legislation [3]