Regulators increase stabilitycoin transparency, Circle soars
Source: CoinWorld
Time: 2025-09-13 22:53:44
Circle's stock price soared after the IPO as the U.S. Senate passed the Stablecoin Innovation Act on June 17. Circle and Tether hold $166 billion in U.S. Treasury bonds, meaning stablecoin issuers could become the third largest holder of U.S. Treasury bonds. Circle expects revenue to reach US$16.76 billion in 2024, net profit to reach US$1.56 billion, and a price-to-earnings ratio of more than 250 times, reflecting the market's high optimism about stablecoins. In contrast, companies like MicroStrategy that focus on Bitcoin have limited development momentum, highlighting the increasing acceptance of stablecoins among institutional investors, while cryptocurrencies are relatively volatile.