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Circle’s $1.1 billion IPO highlights Wall Street’s growing interest in stablecoins, with analysts noting Ethereum’s dominance in USDC circulation. Over half of USDC’s supply resides on Ethereum, reinforcing its DeFi leadership. This concentration could further solidify institutional confidence in ETH as stablecoin adoption grows.
- Ethereum hosts 50%+ of USDC's $36.7B supply, reinforcing its DeFi dominance.
- Circle's IPO could amplify institutional focus on Ethereum as stablecoin infrastructure.
- Spot ETH ETFs see consistent inflows, hitting $110M recently despite subdued daily figures.
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