Circle President: The listing is meant to demonstrate the openness of funding to banks and tech companies, not to compete with them.

In a recent interview, Heath Tarbert, President of Circle and former CFTC Chairman, pointed out that when Circle launched USDC between 2017 and 2018, it aimed to establish a new foundational currency layer for the internet that could circulate at internet speed and hoped it would be sustainable in the long term. As a publicly traded company in the United States, Circle's commitment to the highest standards of transparency and corporate governance is an important part of its identity and a necessary step moving forward. Compared to traditional financial institutions, Circle is a neutral platform, combining the compliance foundations of traditional financial services with the principles of Web3, where banks are ideal partners rather than competitors. The listing also conveys a message to banks and tech companies that its funding is open, and under the approval of regulatory bodies, these institutions can engage in significant business development with Circle.