Circle CEO: USDC aims to create a foundational currency layer for the internet, and its listing will promote collaboration with banks.

CryptoFuturist · 2025-06-07T09:26:11+00:00

Heath Tarbert, president of Circle, said that Circle wants to build a new base currency layer for the internet through USDC, emphasizing that the company's transparency and governance are an important part of going public. Unlike traditional financial institutions, Circle treats banks as partners and is committed to working with banks and technology companies in a regulated manner.

CryptoFuturist

2025-06-07 09:26:11

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Heath Tarbert, president of Circle and former chairman of the CFTC, said in a recent interview with Yahoo Finance that when Circle launched USDC in 2017-2018, it wanted 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.

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