USDC Stablecoin发行人“圈”文件用于首次公开募股（IPO）

负责发行USDC Stablecoin“ Circle”的公司最近向美国证券交易委员会提交了首次公开募股（IPO）。这一举动被认为是Circle的重要一步，因为它现在将有机会进入公共市场，吸引新的投资者并扩大其在Stablecoin行业的影响力。

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，美国宏观经济数据一直紧随其后的是市场参与者，特别关注通货膨胀和利率。由于美联储对利率枢纽，对股票和债券的影响是讨论的关键主题。此外，对消费者支出和劳动力市场数据进行密切监控，以评估经济健康状况。

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

以下是一些影响市场的关键宏观经济数据点：

* **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.

***通货膨胀：**消费者价格指数（CPI）和个人消费支出（PCE）是美国通货膨胀的主要衡量指数，这两个指数都显示出与2023年初的高峰相比下降，表明价格压力正在缓解。

* **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：**美联储的联邦资金利率目标范围是货币政策的关键指标。由于美联储关注利率，这将对企业和消费者的借贷成本产生影响，最终影响股票和债券估值。

* **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.

***消费者支出：**密切关注零​​售和耐用商品订单，以评估消费者需求和支出方式，这构成了美国大多数经济活动。

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

***劳动力市场：**失业索赔和工资是劳动力市场健康和任何经济衰退潜力的关键指标。

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

市场还关注有关稳定法案的任何更新，该法案旨在为Stablecoin发行人建立监管框架。

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.

在其他新闻中，负责发行USDC Stablecoin的公司“ Circle”已向美国证券交易委员会申请了首次公开募股（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.

这一举动是Circle的重要一步，因为它将为公司提供进入公共市场，吸引新投资者并扩大其在Stablecoin行业的足迹的机会。

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.

根据文件，Circle Internet Group，Inc。（NYSE：CRCL）正在首次公开募股（IPO）提供A类普通股。该公司已申请将其股票列在纽约证券交易所（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类”普通股。 B级股票（每股五票都具有较高的投票权）将不包括在公开募股中。这种结构使创始人Jeremy Allaire和Patrick Sean Neville能够控制公司的决定。

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类股票的投票权的上限为总投票权的30％。这意味着，即使创始人杰里米·阿莱尔（Jeremy Allaire）和帕特里克·肖恩（Patrick Sean Neville）通过更高的投票权维持控制权，但无论存在多少B类股票，其影响力不超过所有股东投票的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.

该上限防止了不成比例的统治地位，并确保拥有A级股份的公有股东在治理方面仍然有重要发言权。一些B级股票将来可能会一对一地转换为A类，这可能会导致Circle的股东之间的投票权更加分布。

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.

该文件还指出，作为本IPO的一部分，Circle将不会收到现有股东出售的股票的任何收益。此外，该文件还提供了承销商在30天内购买额外股份以涵盖过度分配的选择，从而提供了发行灵活性。

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

购买者股票的预期交付日期定为2025年，并通过存放信托公司处理交易。

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.

当Circle为公开首次亮相做准备时，该公司面临着驾驶美国稳定法规的关键方面。这是在立法者继续讨论《稳定法》的时候，该法案旨在为Stablecoin发行人建立明确的法律框架。

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.

这一发展是调节美国加密货币的更广泛努力的一部分，目的是促进创新，同时减轻快速发展的数字资产空间中的风险。

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：负责发行USDC Stablecoin的公司“ Circle”已向美国证券交易委员会申请了首次公开募股（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.

这一举动是Circle的重要一步，因为它现在将有机会进入公共市场，吸引新的投资者并扩大其在Stablecoin行业的影响力。

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.

根据文件，Circle Internet Group，Inc。（NYSE：CRCL）正在首次公开募股（IPO）提供A类普通股。该公司已申请将其股票列在纽约证券交易所（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类”普通股。 B级股票（每股五票都具有较高的投票权）将不包括在公开募股中。这种结构使创始人Jeremy Allaire和Patrick Sean Neville能够控制公司的决定。

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类股票的投票权的上限为总投票权的30％。这意味着即使创始人杰里米·阿莱尔（Jeremy Allaire）和帕特里克·肖恩（Patrick Sean）