In 2016, Circle had a round of financing specifically aimed at Chinese investors, with a financing amount of $60 million and a post investment valuation of $480 million. Therefore, Chinese institutions alone took a 12.5% share in that round. And initially, this round of financing was aimed at expanding China's stablecoin market, and even specifically established Circle China. It's impossible for @ circle to enter the Chinese market now, but the environment ten years ago was really good~