USDC transaction volume hit $5.9 trillion, up 5.4x year over year, while Circle grew to 28% of the fiat-backed stablecoin market. Circle, the only publicly listed U.S. stablecoin company, reported $658 million in Q2 revenue, with USDC circulation surging 90% to $61.3 billion. No man is an island, but Circle Internet Group is the only publicly listed stablecoin company in the United States. By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your informati ...

Now live: Circle Wallets for @Aptos!Aptos builders can now:✅ Create flexible wallets with a simple API & SDK✅ Sponsor gas via Gas Station, no need to source APT✅ Screen transactions with built-in compliance tooling✅ Expand multichain faster with reusable code snippetsStart building today: https://t.co/eVZhPQiM9O ...

Investment Rating - The report maintains a positive outlook on the EDA industry, highlighting the acceleration of domestic substitution due to increased export controls from the U.S. [4][5] Core Insights - The report emphasizes the booming demand for stablecoins, particularly following Circle's successful IPO, which raised $1.05 billion with a first-day closing price increase of 168% [4][6] - The U.S. Senate's recent approval of a stablecoin bill is expected to significantly boost the stablecoin market, with major players like Visa entering the ecosystem [7][6] - The report discusses the impact of new EDA export restrictions from the U.S. on Chinese firms, suggesting that this could open up opportunities for domestic EDA companies [4][20] Summary by Sections Stablecoin Market - Circle, the issuer of the second-largest stablecoin USDC, went public on June 5, 2025, with a final IPO price of $31 per share, significantly higher than initial expectations [6] - The stablecoin market is anticipated to grow rapidly due to legislative support and increased participation from major financial institutions [7] - Circle's revenue model relies heavily on interest from reserve assets, with projected revenues of $736 million, $1.431 billion, and $1.661 billion from 2022 to 2024 [12] EDA Industry - The U.S. Department of Commerce has imposed new export restrictions on EDA tools to China, which may accelerate the domestic substitution trend [20][21] - Demand for EDA tools is expected to shift as consumer-grade chip manufacturers may face challenges due to these restrictions, potentially increasing the market for domestic EDA products [23] - Domestic EDA companies are experiencing growth, with significant mergers and acquisitions occurring to enhance product offerings and market share [26] Investment Opportunities - The report identifies several key investment targets in the stablecoin and EDA sectors, including companies like ZHONGAN Online, LianLian Digital, and various Web3.0 service providers [20] - Specific companies highlighted for their potential in the AIGC and digital economy sectors include Kingsoft Office, Hikvision, and Huada Jiutian [39]