Circle President: We will not compete with banks, and the listing is to show banks and technology companies that funds are open

Planet Daily News: Circle CEO and former CFTC Chairman Heath Tarbert stated in a recent Yahoo Finance interview that when Circle launched USDC in 2017-2018, they aimed to create a new foundational monetary layer for the internet that could circulate at internet speed and be sustainable. As a US-listed company, going public and subjecting Circle to the highest standards of transparency and corporate governance is an important part of their identity and a necessary next step. Compared to traditional financial institutions, Circle is a neutral platform with both the compliance genes of traditional financial services and Web3 concepts. Banks are Circle's ideal partners, and they do not intend to compete with banks. The listing also signals to banks and tech companies that their funds are now open, and under regulatory approval, they can do business with Circle in significant ways.