Circle, the issuer of USDC, launched a new on-chain compliance platform, "Compliance Engine", on September 24, designed to help enterprises develop blockchain applications while meeting strict compliance requirements. The platform includes transaction screening, monitoring tools, and KYC-compliant services, supporting multiple blockchain networks such as Ethereum, Solana, and others. Circle CEO Jeremy Allaire said that this is the first time that the technology accumulated by the company in a decade is open to developers and operations teams. The move is an important step for Circle to accelerate the adoption of the USDC stablecoin and challenge the dominance of the Tether market. At present, the market value of USDC is 36 billion US dollars, which is far lower than the 119 billion US dollars of USDT. In addition, PayPal's PYUSD has also joined the competition, and the market value has reached 1 billion US dollars. Circle is also targeting the real-world asset (RWA) market, which could reach trillions of dollars in the future, to fuel the adoption of USDC.