The article "Zhi Bu Bu Yan: Taking You to Understand the Real Circle and Stablecoins World" (written by Hazel&lvy) deeply analyzes the reasons behind the skyrocketing stock price of stablecoin leader Circle after its listing, pointing out its unfavorable profit sharing agreement highly tied to Coinbase, as well as the potential profit and regulatory pressures it may face in the future; At the same time, a perspective was provided on the landscape of the stablecoin market, comparing the differences in compliance, fund size, and business models between Circle (USDC) and Tether (USDT). It was emphasized that the key to the future growth of the stablecoin market lies in the promotion of payment scenarios and B-end institutional customers. In addition, the article also discusses the roles and strategic layouts of traditional financial institutions such as Visa, Mastercard, banks, and technology company Meta in the era of stablecoins. read the whole passage: https://www. (wublock123.com)/index.php? m=content&c=index&a=show&catid=47&id=44344