# usdc

The SEC's New Policy Arrives: On-Chain Stock Markets Open, #USDC Is Entering the Trillion-Dollar Era
The SEC's new policy is not a "small adjustment"; it rewrites the industry's underlying logic:
On-chain stock markets are coming.
Who can carry compliant assets? Of course, it's USDC—this kind of regulated, auditable, and traditional finance-accessible "on-chain dollar."
What does this mean?
In one sentence—
USDC's market share will directly expand to the trillion-dollar level.
And the so-called "compliance" essentially means clearing the field:
Unlicensed players exit the stage, those without

Interactive Brokers (IBKR) + #Circle (Licensed Bank)
A Seriously Underestimated Financial "Heart Transplant"
Most people only see:
"Faster deposits and withdrawals."
But what’s really happening is—
👉 The underlying operating system of global finance is being reconstructed.
When the world's largest broker IBKR connects officially with a stablecoin issuer Circle, which already holds banking/compliance licenses, this is not just a feature upgrade but the full realization of HyFi (Hybrid Finance).
Beyond the price of coins, let’s dissect this “quiet revolution.”
1. Market Structure: The Clearing

Analyst Highlights Ethereum's Role in Global Dollar Liquidity Settlement
Leon Waidmann shared insights on the X platform, emphasizing Ethereum's evolving role beyond being a smart contract platform. Ethereum has become a crucial settlement layer for global dollar liquidity, processing approximately $90 billion to $100 billion in stablecoin transfers daily. These transactions primarily involve USDT and USDC, used for payments, financial management, and settlement, representing genuine on-chain value flow rather than DeFi cycles or incentive mining.
Waidmann noted that while other blockchains a

USDC, possibly the Trojan horse through which the US exports "digital hegemony."
Yesterday, I did something very interesting:
I had Gemini engage in long-short opposing debates around #CRCL (#Circle ), continuously rebutting, questioning, and deepening the discussion.
Not just one round,
but over a dozen rounds.
The conclusion is very clear:
The truth does not appear at the first layer.
1. An important methodological insight
1️⃣ Multi-round adversarial thinking can greatly improve cognitive quality.
Seeing the market as only bullish or bearish is basically self-brainwashing.
But when a viewpo