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Ring of Power is a DLC stage in Street Fighter V. The stage is only available for a limited time to represent the Capcom Pro Tour 2018, the same way the Ring of Destiny and Ring of Pride represented the Capcom Pro Tour 2016 and 2017 respectively.
The stage appears to take place in a stadium from the Shadaloo Headquarters, with M. Bison, Balrog, Vega and F.A.N.G watching the match. If any of the aforementioned characters are fighting, then their seat(s) will be open.