# circle

This is the most insightful perspective I've recently seen on the understanding of stablecoins.
Recently, the discussion around stablecoins has taken a noticeably different turn.
Neobank, DeFi Bank, Crypto Bank...
More and more names, but all narratives ultimately point to one thing: US dollar stablecoins.
Because of this, the debate about whether #Circle is worth investing in has been pushed to the forefront again.
On the surface, USDC is almost a perfect financial product:
Compliance, transparency, 1:1 reserve, backed by short-term U.S. Treasuries.
But if you look deeper into the underlying

Interactive Brokers (IBKR) + #Circle (Licensed Bank)
A Seriously Underestimated Financial "Heart Transplant"
Most people only see:
"Faster deposits and withdrawals."
But what’s really happening is—
👉 The underlying operating system of global finance is being reconstructed.
When the world's largest broker IBKR connects officially with a stablecoin issuer Circle, which already holds banking/compliance licenses, this is not just a feature upgrade but the full realization of HyFi (Hybrid Finance).
Beyond the price of coins, let’s dissect this “quiet revolution.”
1. Market Structure: The Clearing

#CIRCLE
#circle hold
#popnut hold...