Circle CEO: We will not compete with banks; going public is to demonstrate the openness of funds to banks and technology companies.

Heath Tarbert, president of Circle and former chairman of the CFTC, said in a recent interview with Yahoo Finance that when Circle launched USDC from 2017 to 2018, it hoped to create a new base currency layer for the Internet that can circulate at the speed of the Internet and make it persistent. As a U.S.-listed company, going public and having Circle accept the highest standards of transparency and corporate governance is an important part of itself and the next step that Circle believes is necessary. Compared with traditional financial institutions, Circle is a neutral platform that has both the compliance genes of traditional financial services and the concept of Web3, and banks are the ideal partners of Circle and will not compete with banks. The listing also shows banks and tech companies that their funding is now open and that they can do business with Circle in a significant way, subject to regulatory approval.