Circle President: Going public is to demonstrate the openness of funds, not to compete with banks but to seek cooperation

According to ChainCatcher, Circle President Heath Tarbert stated that when Circle launched USDC from 2017 to 2018, it aimed to create a new type of base currency layer that could circulate at internet speed and endure. As a publicly traded company in the United States, Circle believes that going public is a necessary step to accept the highest standards of transparency and corporate governance requirements. Circle is a neutral platform that combines traditional financial compliance genes with Web3 philosophy, and banks are ideal partners. Going public indicates openness of funds, regulatory recognition, and the ability to engage in significant business with banks and technology companies.