PANews June 7th news, according to Yahoo Finance, Circle President and former CFTC Chairman Heath Tarbert stated in a recent interview that when Circle launched USDC in 2017 to 2018, it aimed to create a new type of fundamental currency layer that could circulate at internet speed and sustain itself. As a publicly traded company in the United States, being listed and allowing Circle to meet the highest standards of transparency and corporate governance requirements is an important part of itself and is seen by Circle as a necessary next step.
Compared to traditional financial institutions, Circle is a neutral platform that has the compliance genes of traditional financial services and the philosophy of Web3. Banks are ideal partners for Circle, and it does not compete with banks. Going public also signals to banks and tech companies that their funds are now open, and with the recognition of regulators, they can do business with Circle in significant ways.
