TechFlow News, October 27 — According to Bloomberg, Circle CEO Jeremy Allaire said in an exclusive interview with Bloomberg in Washington that the company remains firmly committed to its plans for a public listing. Circle submitted a confidential IPO registration statement to the U.S. Securities and Exchange Commission (SEC) in January 2024, and the review process is ongoing.
Allaire emphasized that the company’s financial position is strong and it does not need to raise funds through private markets. "We’ve built a solid business model and currently don’t require any additional capital," he said. Notably, Circle has continued expanding its team this year in preparation for a potential public listing.
On the outlook for industry regulation, Allaire expressed optimism. He expects stablecoin legislation could pass after the U.S. general election in November 2024. The new regulatory framework would provide clear guidance for traditional financial institutions—including banks, asset managers, and payment firms—to enter the digital asset space. "These institutions will only work with regulated infrastructure providers, and we’re already well prepared for that," Allaire added.
