🚀 OKG Research: Circle surged+168.48% on its first day of trading, marking the first stock in the "institutional dividend period" for stablecoins. Web3 has entered a new chapter driven by policies! 📈 On June 5th, Circle was officially listed in the United States, becoming the world's first company to successfully enter the capital market with stablecoins as its core business. The first day closed at 83.23 (+168.48%); As of now, it has risen another 15%+before the 6th trading session. 💰 Early entry Chinese institutions such as IDG, Baidu Ventures, Yixin, Everbright Holdings, CICC Jiazi, Bitmain, Huaxing Capital, etc. had a first day book return of up to 20-90 times! 🏛️ Rather than calling it a cryptocurrency IPO, it is more like an institutional endorsement of the 'stablecoin compliance path'. Circle seizes the eve of the vote on GENIUSAct ⏰ Through this window, we aim to achieve a dual dividend of "regulatory expectations+market reassessment" and anchor the global stablecoin system. 🧭 OKG Research: Valuation is moving towards the logic of 'quasi bank assets' The original plan was 24-26 shares x 24 million shares, but the actual plan was 31 shares x 34 million shares, with financing exceeding 1B+. 🔥 The market's response to ' 💵 The "anchoring+federal regulatory path" is highly recognized, and stablecoins have evolved from "encrypted payment tools" to digital dollar carriers. 🌐 Technology companies will become beneficiaries of institutional dividends Circle is just the prologue, regulatory certainty is accelerating the landing of technology scenarios, and technology driven Web3 technology companies are actively responding to the opportunity window brought by this institutional certainty 🔒 Transparent Reserve PoR, 🔍 On chain fund flow tracking, 🔗 Building cross chain clearing and settlement capabilities, promoting system integration capabilities on the "availability path", Whoever can get through the last mile of 'compliant issuance scenario access' will be able to grasp the core discourse power of the new cycle. 🔍 OKG Research Regulatory certainty=starting point of new cycle The listing of Circle not only opens up a dual channel of policy and capital, but also sends a strong signal to global technology companies: 🟢 The next development of stablecoins does not depend on the issuance volume, but on who can better undertake the application connectivity capability after compliance. 🟣 The establishment of institutional anchors from the United States to Hong Kong will continue to strengthen the ability to extend the boundaries of technology application scenarios. This is the necessary path for Web3 to move towards large-scale adoption. ✨ CircleIPO Stablecoins GENIUSAct Web3 RegTech FinTech PolicyDriven OKGResearch Circle Listed stablecoin system dividend digital dollar