USDC Stablecoin發行人“圈”文件用於首次公開募股（IPO）

負責發行USDC Stablecoin“ Circle”的公司最近向美國證券交易委員會提交了首次公開募股（IPO）。這一舉動被認為是Circle的重要一步，因為它現在將有機會進入公共市場，吸引新的投資者並擴大其在Stablecoin行業的影響力。

US macroeconomic data has been closely followed by market participants throughout the year 2023, with particular attention paid to inflation and interest rates. As the Federal Reserve pivots on rates, the implication for stocks and bonds is a key topic of discussion. In addition, consumer spending and labor market data are closely monitored to gauge the health of the economy.

在2023年，美國宏觀經濟數據一直緊隨其後的是市場參與者，特別關注通貨膨脹和利率。由於美聯儲對利率樞紐，對股票和債券的影響是討論的關鍵主題。此外，對消費者支出和勞動力市場數據進行密切監控，以評估經濟健康狀況。

Here are some key macroeconomic data points that have impacted the market:

以下是一些影響市場的關鍵宏觀經濟數據點：

* **Inflation:** The Consumer Price Index (CPI) and Personal Consumption Expenditures (PCE) are the main measures of inflation in the U.S. Both indexes have shown a decline from their peak in early 2023, indicating that price pressures are easing.

***通貨膨脹：**消費者價格指數（CPI）和個人消費支出（PCE）是美國通貨膨脹的主要衡量指數，這兩個指數都顯示出與2023年初的高峰相比下降，表明價格壓力正在緩解。

* **Interest Rates:** The Fed's target range for the federal funds rate is a crucial indicator of monetary policy. As the Fed pivots on rates, it will have implications for borrowing costs for businesses and consumers, ultimately impacting stock and bond valuations.

***利率：**美聯儲的聯邦資金利率目標範圍是貨幣政策的關鍵指標。由於美聯儲關注利率，這將對企業和消費者的借貸成本產生影響，最終影響股票和債券估值。

* **Consumer Spending:** Retail sales and durable goods orders are closely watched to assess consumer demand and spending patterns, which constitute the majority of U.S. economic activity.

***消費者支出：**密切關注零​​售和耐用商品訂單，以評估消費者需求和支出方式，這構成了美國大多數經濟活動。

* **Labor Market:** Unemployment claims and payrolls are key indicators of the labor market's health and any potential for a recession.

***勞動力市場：**失業索賠和工資是勞動力市場健康和任何經濟衰退潛力的關鍵指標。

The market is also keeping an eye on any updates regarding the STABLE Act, which aims to establish a regulatory framework for stablecoin issuers.

市場還關注有關穩定法案的任何更新，該法案旨在為Stablecoin發行人建立監管框架。

In other news, the company responsible for the issuance of the USDC stablecoin, "Circle," has applied for an initial public offering (IPO) with the U.S. Securities and Exchange Commission.

在其他新聞中，負責發行USDC Stablecoin的公司“ Circle”已向美國證券交易委員會申請了首次公開募股（IPO）。

This move is a significant step for Circle, as it will provide the company with the opportunity to access public markets, attract new investors, and expand its footprint in the stablecoin sector.

這一舉動是Circle的重要一步，因為它將為公司提供進入公共市場，吸引新投資者並擴大其在Stablecoin行業的足蹟的機會。

According to the filing, Circle Internet Group, Inc. (NYSE: CRCL) is offering Class A common stock in an initial public offering (IPO). The company has applied to list its stock on the New York Stock Exchange (NYSE) under the ticker CRCL.

根據文件，Circle Internet Group，Inc。 （NYSE：CRCL）正在首次公開募股（IPO）提供A類普通股。該公司已申請將其股票列在紐約證券交易所（NYSE）下的CRCL下。

Only “Class A” common stock will be offered in Circle’s IPO. Class B shares — which carry higher voting power with five votes per share — will not be included in the public offering. This structure allows the founders, Jeremy Allaire and Patrick Sean Neville, to maintain control over the company’s decisions.

Circle的IPO只能提供“ A類”普通股。 B級股票（每股五票都具有較高的投票權）將不包括在公開募股中。這種結構使創始人Jeremy Allaire和Patrick Sean Neville能夠控制公司的決定。

However, Class B shares’ voting power is capped at 30% of the total voting power. This means that even though founders Jeremy Allaire and Patrick Sean Neville maintain control through higher voting rights, their influence is limited to no more than 30% of all shareholder votes, regardless of how many Class B shares exist.

但是，B類股票的投票權的上限為總投票權的30％。這意味著，即使創始人傑里米·阿萊爾（Jeremy Allaire）和帕特里克·肖恩（Patrick Sean Neville）通過更高的投票權維持控制權，但無論存在多少B類股票，其影響力不超過所有股東投票的30％。

This cap prevents disproportionate dominance and ensures that public shareholders, who hold Class A shares, still have a significant say in governance. Some Class B shares may be converted into Class A in the future on a one-for-one basis, which could lead to a more distributed voting power among Circle’s shareholders.

該上限防止了不成比例的統治地位，並確保擁有A級股份的公有股東在治理方面仍然有重要發言權。一些B級股票將來可能會一對一地轉換為A類，這可能會導致Circle的股東之間的投票權更加分佈。

The filing also notes that Circle will not receive any proceeds from shares sold by existing stockholders as part of this IPO. Additionally, the filing includes an option for underwriters to purchase additional shares within 30 days to cover over-allotments, providing flexibility in the offering.

該文件還指出，作為本IPO的一部分，Circle將不會收到現有股東出售的股票的任何收益。此外，該文件還提供了承銷商在30天內購買額外股份以涵蓋過度分配的選擇，從而提供了發行靈活性。

The expected delivery date for shares to purchasers is set for 2025, with transactions processed through The Depository Trust Company.

購買者股票的預期交付日期定為2025年，並通過存放信託公司處理交易。

As Circle prepares for its public debut, the company faces the crucial aspect of navigating U.S. regulations for stablecoins. This comes at a time when lawmakers are continuing discussions on the STABLE Act, which aims to establish a clear legal framework for stablecoin issuers.

當Circle為公開首次亮相做準備時，該公司面臨著駕駛美國穩定法規的關鍵方面。這是在立法者繼續討論《穩定法》的時候，該法案旨在為Stablecoin發行人建立明確的法律框架。

This development is part of broader efforts to regulate cryptocurrencies in the U.S., with the goal of fostering innovation while mitigating risks in the rapidly evolving digital asset space.

這一發展是調節美國加密貨幣的更廣泛努力的一部分，目的是促進創新，同時減輕快速發展的數字資產空間中的風險。

input: The company responsible for the issuance of the USDC stablecoin, "Circle," has applied for an initial public offering (IPO) with the U.S. Securities and Exchange Commission.

投入：負責發行USDC Stablecoin的公司“ Circle”已向美國證券交易委員會申請了首次公開募股（IPO）。

This move is a significant step for Circle, as it will now have the opportunity to access public markets, attract new investors, and expand its influence in the stablecoin sector.

這一舉動是Circle的重要一步，因為它現在將有機會進入公共市場，吸引新的投資者並擴大其在Stablecoin行業的影響力。

According to the filing, Circle Internet Group, Inc. (NYSE: CRCL) is offering Class A common stock in an initial public offering (IPO). The company has applied to list its stock on the New York Stock Exchange (NYSE) under the ticker CRCL.

根據文件，Circle Internet Group，Inc。 （NYSE：CRCL）正在首次公開募股（IPO）提供A類普通股。該公司已申請將其股票列在紐約證券交易所（NYSE）下的CRCL下。

Only ‘Class A’ common stock will be offered in Circle’s IPO. Class B shares — which carry higher voting power with five votes per share — will not be included in the public offering. This structure allows the founders, Jeremy Allaire and Patrick Sean Neville, to maintain control over the company’s decisions.

Circle的IPO只能提供“ A類”普通股。 B級股票（每股五票都具有較高的投票權）將不包括在公開募股中。這種結構使創始人Jeremy Allaire和Patrick Sean Neville能夠控制公司的決定。

However, Class B shares’ voting power is capped at 30% of the total voting power. This means that even though founders Jeremy Allaire and Patrick Sean

但是，B類股票的投票權的上限為總投票權的30％。這意味著即使創始人傑里米·阿萊爾（Jeremy Allaire）和帕特里克·肖恩（Patrick Sean）