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1.08387
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1.29589
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1.29978
1.29551
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【Circle CEO: The company has been seeking to go public for many years and has not changed this vision】 October 27, according to Bloomberg, USDC issuer Circle CEO Jeremy Allaire said in an interview recently that the company has been eager to go public for many years, and has not changed this vision, and the company does not need to obtain funds from the private market. Allaire said: "We are very committed to the road to listing, and we can be a really interesting company in the public market."Circle's road to listing has been full of ups and downs. Earlier this year, Circle chose a more traditional path and secretly submitted a draft registration for the IPO to the US SEC in January. In the nine and a half months since submitting the draft IPO registration, Allaire refused to comment on any contact between the company and the SEC or other regulators, during which time the US government launched a large-scale crackdown on companies in the cryptocurrency industry.The process of waiting for IPO approval is quite long, but Allaire said the company does not need to raise more funds. "We are in a good financial position to build a very solid business, and we are not seeking any funding at this time," Circle has been increasing staffing this year in anticipation of an IPO, and the hiring spree is also driven by regulatory optimism that Washington lawmakers may eventually provide some regulatory framework for the industry in the form of a stablecoin bill. Allaire said there is strong optimism that stablecoin legislation may be passed after the November election, and new regulatory measures will allow more traditional financial players (including banks, asset management companies, and payment companies) to feel comfortable entering the digital asset ecosystem. "They will only work with regulated infrastructure, and we are ready for it."

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【Justin Sun: TRON’s top priority in the fourth quarter is to upgrade USDD and support it to become an authoritative decentralized stablecoin】 on October 27, Justin Sun, founder of TRON and member of the HTX Global Advisory Board, posted on social media that in the fourth quarter, Tron's top priority is to upgrade USDD and position it as an authoritative decentralized stablecoin in the crypto market. We plan to take several strong measures to achieve this goal. Since its initial launch, Tron's market value and liquidity depth have increased significantly. TRX currently has a liquidity depth of more than $200 million, a slippage of less than 3%, and a market value of more than $16 billion, making it an ideal time to restart. I expect Tron's fundamental valuation to exceed $30 billion, which will easily support a stablecoin with a market value of $3 billion. As collateral, TRX can also generate reliable on-chain returns with an annualized yield of more than 10%. This USDD issuance will emphasize transparency, achieve the highest standards in the cryptocurrency field, and provide full visibility for reward accounts. Collateral security remains a major concern for decentralized stablecoins, especially the risk of cascading liquidations during economic downturns. While I will not dive into technical safeguards here, specific launch parameters will be shared. Tron’s greatest strength is its on-chain revenue and burn mechanism, which generates $2 billion in revenue per year, which I believe can strongly support a $2-3 billion stablecoin to meet market demand. TRX has remained stable for over a year, with no 5% daily pullbacks, showing a steady upward trend, strong market capitalization, high on-chain yields, deep liquidity, and a stable history. These qualities make TRX an excellent choice for decentralized stablecoin collateral, surpassing Ethereum in some areas. We also plan to add Bitcoin as collateral for USDD in due course, with USDT as the primary PSM direct redemption channel for USDD.

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[Research: Bitcoin Is An Effective Portfolio Diversification Tool With The Same Value Storage And Hedging Properties As Gold] The Bitcoin Policy Institute Recently Published A Paper Titled "The Case For Bitcoin As A Reserve Asset". The Article Argues That Central Banks Should Adopt Bitcoin As A Reserve Asset To Hedge Against Rising Inflation, Geopolitical Risks, Capital Control Risks, Sovereign Defaults, Bank Failures, And International Sanctions Imposed By The US Government

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