This stat is pretty crazy: Circle is now worth more than Société Générale on the stock market. $48 billion VS $45 billion. As a reminder, the issuer of the $USDC stablecoin went public on Wall Street just 2 weeks ago. 👉 The fact that @circle is now worth more than Société Générale is all the more symbolic since the crypto subsidiary of the French bank, SG Forge, is the issuer of the 2nd largest euro stablecoin (EURCV) behind… Circle (EURC). While there is certainly a trend effect, the meteoric rise of @jerallaire's group should not be underestimated: it confirms that stablecoins will profoundly transform the financial industry. This is what investors have understood well and are buying into with Circle and other players in the stablecoin space. We are also organizing an event on the subject with @TheBigWhale_ on July 17 in Paris. 👉 "The last major financial innovation dates back to the 1980s with the chip card. The success of Circle shows how much the financial industry can still be transformed. This is what investors are buying," a payment industry player explained to me this week. We keep repeating it: stablecoins are not just a matter of sovereignty. As Circle's surge proves, they are also now a major financial issue!