币界网报道：Circle's USDC stablecoin issuer has seen its stock market valuation surge to $70 billion, according to Bloomberg Intelligence analyst Jamie Coutts. This valuation comes despite Circle having only $1.1 billion in equity and $28 billion in USDC stablecoins in circulation. Coutts noted that Circle's valuation now exceeds traditional financial giants like Deutsche Bank and approaches the market cap of major crypto exchange Coinbase. The analyst attributes this premium valuation to Circle's strategic position in the stablecoin market and its potential to disrupt traditional finance. Circle recently confidentially filed for an IPO with the SEC, though the company has not disclosed financial details or timeline. The stablecoin issuer has been expanding its services, including launching a euro-backed stablecoin and entering new markets like Brazil. Coutts suggests Circle's valuation reflects investor optimism about stablecoins becoming a bridge between crypto and traditional finance.