[Jeremy Allaire: Welcomes Stablecoin Competition, Optimistic About Sector Development] Affected by the Open USD competition news, CRCL once plummeted nearly 9% intraday. Circle co-founder and CEO Jeremy Allaire stated that stablecoins are reshaping the infrastructure for currency storage and circulation, becoming one of the largest potential market opportunities globally. He emphasized his strong optimism about the sector while welcoming ongoing innovation and competition within the industry. Circle will continue to expand the USDC ecosystem and focus on building stablecoin infrastructure.