The Ethereum DeFi ecosystem is undergoing a transformation as the USDC issuer goes public, potentially leading the institutional encryption wave.

Ethereum, as the second largest crypto asset by market capitalization, has always played a leading role in the crypto market. From a price performance perspective, there are several potential factors driving its pump, and these factors may continue to increase over time.

Recently, an American company announced plans to go public through a SPAC. The company's co-founder and CEO stated that this is an important step in the company's development. The company is continuously expanding its partnerships to enhance the influence of its main product, USDC.

The company's CEO pointed out that this move will enhance the company's transparency, support USDC reserves, and conduct business around Ethereum stablecoins. The company strives to become the most open and transparent stablecoin provider in the market. Through the upcoming public declaration and new USDC reserve certification, the company will provide detailed information about USDC.

In the long run, the company will strive to meet the SEC's transparency standards while adhering to new regulatory requirements and exploring autonomous models.

The vice president of a research institution pointed out that the company's listing may trigger a new wave of institutional adoption of Crypto Assets. Increased transparency and compliance may attract more institutional attention to Ethereum, especially in the DeFi sector.

Many industry experts are optimistic about the potential of Ethereum, believing that certain use cases are forming a new financial system. However, the lack of a clear regulatory framework currently hinders some institutions from participating, a situation that may change with the company's listing.

Some analysts believe that USDC is becoming the main stablecoin on Ethereum, gradually replacing its competitors, which is especially important in the DeFi field. Approximately 50% of the total USDC supply is locked in smart contracts, making it the "DeFi preferred stablecoin."

From the perspective of mainstream DeFi applications, USDC has become an important driving force, and this trend may continue in the future. As the company launches new products and APIs, more dollars are expected to flow into the DeFi ecosystem.

A commodity strategist believes that Ethereum has successfully "washed away" potential liabilities, reducing speculation while increasing adoption. He pointed out that, compared to its potential, Ethereum's current price may be undervalued. In the future, Ethereum may follow a growth trajectory similar to Bitcoin in 2017.

Overall, Ethereum represents a higher level of innovation, elevating the tech industry's standards. As the cornerstone of the crypto market, Ethereum is rapidly evolving, and with the reduction in supply and the digitization of financial technology, its future development prospects are promising.