According to the latest financial reports, the company behind the stablecoin USDC, Circle Internet Group, is brewing a major financial move. The company, along with its shareholders, has submitted documents to the SEC indicating their plan to sell up to 10 million shares of the company.

The details of this move show that Circle itself will release 2 million shares, while a group of shareholders including co-founder and CEO Jeremy Allaire will sell 8 million shares. Based on recent market performance, specifically the closing price of $163.21 per share on Tuesday, the total market value of this batch of stocks will reach an astonishing $1.63 billion.

The large-scale stock sale plan has attracted widespread attention in the market. As a key stablecoin issuer in the cryptocurrency ecosystem, any significant move by Circle could have a profound impact on the entire industry. Analysts believe this may reflect the company's and its major shareholders' strategic response to the current market environment, or it could be a way to raise funds for future business expansion.

However, this move inevitably raises some questions: What prompted Circle and its shareholders to choose to sell such a large amount of stock at this time? What impact will this have on the future development of USDC? Crypto market participants are closely watching the further developments, hoping to gain insights into the future direction of the stablecoin industry.