Binance invests $100 million in Circle—not a huge amount, but the symbolic significance is massive. In the past, stablecoins were driven by crypto assets. But this time around, with U.S. stocks being tokenized on-chain at scale, the issuance and trading scenarios for stablecoins will continue to expand. I mentioned this before when discussing the details of Binance's U.S. stock offerings (https://((((x.com))))/Sea_Bitcoin/status/2061430019722031604). Users can buy U.S. stocks with various tokens, but essentially, it's all settled in USDC. Especially for institutions, using USDC is almost the only option. And CRCL is the only stablecoin issuer in the U.S. stock market that people can buy from, and its uniqueness is only growing. Previously, I said CRCL's network effect wasn't strong enough (https://((((x.com))))/Sea_Bitcoin/status/2072170996338147353), comparing it horizontally to Social Networking, but that was unfair. This misunderstanding made me miss the opportunity to go heavy on CRCL at $60. Beyond stablecoin issuance, another key metric to focus on this time is the penetration rate of U.S. stocks being tokenized on-chain. A couple of days ago, I roughly calculated (https://((((x.com))))/Sea_Bitcoin/status/2101256081825480795) that it's currently only 30/769,000 = 0.0039%. There's still hundreds of times more room to grow before even reaching 1%. Everything is just getting started. Now, let's take a closer look at the details of the Binance and Circle partnership: the two parties signed a new 5-year agreement. Binance will promote USDC on its platform, and Circle will pay Binance monthly incentive fees based on the amount of USDC held. — We can expect more high-yield USDC investment opportunities on Binance's platform. For example, activities like this one from last year: https://((((x.com))))/Sea_Bitcoin/status/1954763725329883609. As retail investors, the more competition there is among stablecoin issuers, the more chances we have to grab a piece of the pie.