Circle's recent $1.1 billion IPO signals growing institutional interest in stablecoins, especially USDC, which heavily relies on Ethereum's infrastructure. Over half of USDC's circulating supply of around $36.7 billion exists on Ethereum, predominantly within the DeFi ecosystem. Analysts believe that as USDC's footprint expands, it will drive more liquidity and developer interest in Ethereum. Following its IPO, Circle's shares soared by 165%, underscoring the market's reception. Even amid potential competition from new entrants in the stablecoin space, USDC remains a leader in decentralized exchanges and lending protocols. Investors researching Circle’s business model are likely to consider Ethereum's role, reinforcing its significance within crypto infrastructure. This could ultimately enhance Ethereum's appeal as investors seek insights into the technologies fueling popular stablecoins, according to experts.

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